Saudi Arabia improved its ranking in the real estate transparency rating to finish in the “Semi-Transparent” category for the first time in its history.
The Global Real Estate Transparency Index is managed by JLL. It depends, by large, on real estate investment, business activity, and living standards.
It’s worth mentioning that Saudi Arabia along with Egypt advanced over the past two years to finish in the 63rd and 65th places which means entering the “Semi-Transparent” category.
This category includes many global emerging markets such as Brazil, Russia, India, China, Mexico, Turkey, South Korea, and Indonesia.
Dubai is still the Middle East’s top real estate market when it comes to transparency in the 48th place, followed by Abu Dhabi which lies in the 59th place.
Jamil Ghaznawi, head of JLL Saudi Arabia, expressed his delight with the kingdom’s new rank. He said that moving up in the index reflects the significant advancement in the Saudi real estate market.