According to a global sector survey, Dubai and Abu Dhabi are ranked amongst the world’s most improved markets for real estate transparency. Dubai ranked 3rd and Abu Dhabi ranked 5th for improvement in the transparency from 2022 to 2024.
Dubai and Abu Dhabi have improved itself in segments including scaling digital capabilities, implementing strong anti-money laundering and beneficial ownership regulations, increasing the availability of market data for established and start-up market providers.
Dubai Real Estate Market
Dubai real estate market climbed a spot to make it to 28th in 2024 index and retained its spot as the transparent market in Middle East and North Africa. The main highlight of its transparency is due to strong government regulations and thriving real estate environment.
The integration of advanced technology in real estate have boosted Dubai’s index of transparency including Dubai’s Incubator and Dubai PropTech Group. These advancements help improve services and flow of information to continuously improve real estate practices, ensuring commitment to innovation and reliability in real estate market which attracts local investment, improved trust in market, support development innovative.
Source: emirates.com
Abu Dhabi Real Estate Market
Abu Dhabi has improved four spots in transparency. Improvement in lease management and developments tools and transaction databases help maximize operation and practices specially with use of technological resources like PropTech and Artificial Intelligence.
Source: needtravel.ru
UAE has positioned itself as a technologically advanced and innovative leader in the MENA region. And sustainability is creating investment opportunities for long term progress. AI has brought significant benefits to real estate sector for efficient productivity and transparency.