Annual Report January 20, 2023
Abu Dhabi’s real estate sector is recognised as one of the top global improvers in terms oftransparency. As per the latest JLL International Global Real Estate […]
By Quanta 5 min Read
Abu Dhabi’s real estate sector is recognised as one of the top global improvers in terms of
transparency. As per the latest JLL International Global Real Estate Transparency Index (GRETI), the city’s ranking moved upwards from the 48th to the 45th position in the latest edition of the report.
The digitisation of services and enhanced data availability were key drivers of its improved rating. This is a notable achievement for a relatively young and emerging real estate market, implying that its authorities have taken the proper steps to bring Abu Dhabi closer to its long-term real estate data management objectives.
Better transparency plays a crucial part in attracting property investments and creating a healthy real estate industry. Among transparent markets, readily accessible, quality data delivered through a well-designed built environment technology solution could boost the overall performance of real estate. With the growing interest of venture capital towards the development of real estate technology, it would be interesting to see how the local PropTech industry would grow in the medium to long term.