New Commercial Property Price Index to be developed by DLD and JLL ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
New Commercial Property Price Index to be developed by DLD and JLL
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 30
The Dubai Land Department (DLD) has inked a deal with Jones Lang LaSalle (JLL) to create a ‘Commercial Property Price Index’ (CPPI). The move aims to improve Dubai’s transparency and real estate investment health. According to a statement, the collaboration will see the establishment of an official commercial property index, which will act as a reliable source of data for use by investors, agencies, and institutions. It will allow investors to monitor commercial market performance when making investment decisions and portfolio management. Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD said, “It consolidates our commitment to strengthening the real

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