{"id":18028,"date":"2016-06-29T17:28:32","date_gmt":"2016-06-29T10:28:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=18028"},"modified":"2016-06-29T15:50:27","modified_gmt":"2016-06-29T08:50:27","slug":"dubais-property-market-needs-quarterly-rent-calculator-updates-says-jll","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-property-market-needs-quarterly-rent-calculator-updates-says-jll\/","title":{"rendered":"Dubai's property market needs quarterly rent calculator updates, says JLL"},"content":{"rendered":"


\nDubai should revert to publishing quarterly updates in its rental calculator and introduce a citywide performance index to boost transparency in real estate markets, according to JLL’s Mena head of research, Craig Plumb.The property consultancy has just produced its biennial Global Real Estate Transparency Index, which has seen Dubai climb one place up its global ranking table to 48th out of a total of 109 markets, placing it in a category described as “semi-transparent”. It remains the most transparent market in the Middle East, but lags global competitors such as Hong Kong (15th), Singapore (11th), the United States (4th) and the UK (1st).Mr Plumb said that Dubai had announced a number of measures to boost transparency since the last index was published in 2014, including the passing of an open data law allowing for more government data to be shared, added more detail to its rental index calculator and announced a new system for ranking brokers.However, he said that some of these initiatives “are not fully implemented” yet, and that some measures \u2014 including the Dubai Land Department’s decision to only update its rental index calculator annually, as opposed to previous quarterly updates \u2014 had hampered transparency.”There are still weaknesses with the Land Department data,” said Mr Plumb.”Dubai is better than other countries in the region, but in terms of the overall rankings it is still very much in the middle,” said Mr Plumb. He argued that an overall index of real estate performance should be the first move that Dubai makes to boot transparency, pointing out that 43 of the 50 highest-ranked markets offered one of these. This “should include an element for capital growth as well as rental performance” to give investors a better idea of the total returns available, he said.Elsewhere in the region, Abu Dhabi dropped six places to 59th, but Saudi Arabia jumped by four places to 63rd and Egypt by five places to 67th. They were also in the semi-transparent category, alongside Bahrain (68th). Kuwait (73rd) and Qatar (74th) were placed in the “low transparency” category, while Oman (89th) was described as “opaque”.Writing in the Index report, the Director General of Dubai Land Department, Sultan Butti Bin Mejren, said that Dubai had made improvements in 15 of the 28 areas that make up the index. He said the Dubai government had “recognised the importance of improving transparency” to attract inward investment in its property market. However, he also acknowledged that there was room for further improvements, and said the DLD “is actively looking to create” a real estate performance index, possibly in association with a specialist provider.Mr Plumb said that transparency in property markets was vital to attracting investors, with the most open markets being the ones attracting the greatest weight of capital.He also highlighted the need for greater transparency in real estate markets, particularly following the leak of the so-called “Panama Papers” from offshore law firm Mossack Fonseca earlier this year. “In the past, real estate has been used as a means of avoiding some capital and money laundering controls, and I think the Panama Papers has brought that into the public eye.”mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Dubai’s property market needs quarterly rent calculator updates, says JLL<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dubai should revert to publishing quarterly updates in its rental calculator and introduce a citywide...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-18028","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4GM","jetpack-related-posts":[{"id":143691,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-real-estate-new-rera-calculator-reset-to-limit-landlord-rent-hikes-boost-transparency-say-experts\/","url_meta":{"origin":18028,"position":0},"title":"Dubai real estate: New RERA calculator reset to limit landlord rent hikes, boost transparency, say experts","date":"April 5, 2024","format":false,"excerpt":"\r Previously, Dubai landlords could seek a rental evaluation to adjust rental rates based on the outdated calculator's benchmark\r \r Source : arabianbusiness.com\r Read more...Dubai real estate: New RERA calculator reset to limit landlord rent hikes, boost transparency, say experts","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/04\/Dubai-Marina-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":30443,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/japan-leads-asia-in-environmental-sustainability-transparency\/","url_meta":{"origin":18028,"position":1},"title":"Japan leads Asia in environmental sustainability transparency","date":"October 18, 2016","format":false,"excerpt":"\r Japanese green initiatives\u00a0top the region Cherry-blossom (Sakura) trees along the bank of Funakawa river in Asahi, Japan. Piti Sirisriro \/ Shutterstock.com The real estate world has not only been a more transparent place since the last time Jones Lang LaSalle conducted its Global Real Estate Index survey. It has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128113,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-real-estate-sector-is-the-most-transparent-in-mena-says-jlls-latest-index\/","url_meta":{"origin":18028,"position":2},"title":"Dubai\u2019s real estate sector is the most \u2018transparent\u2019 in MENA, says JLL\u2019s latest index","date":"June 30, 2022","format":false,"excerpt":"\r The real estate markets of Dubai and Abu Dhabi have also been recognised as the top global improvers in 2022\r \r Source : arabianbusiness.com\r Read more...Dubai\u2019s real estate sector is the most \u2018transparent\u2019 in MENA, says JLL\u2019s latest index","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/06\/dubai-real-estate-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":172626,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-rises-in-property-market-transparency-rankings-but-trails-singapore-and-japan\/","url_meta":{"origin":18028,"position":3},"title":"Hong Kong rises in property market transparency rankings, but trails Singapore and Japan","date":"September 24, 2026","format":false,"excerpt":"\r Hong Kong has climbed one place in a list of the world\u2019s most transparent real estate markets by property consultancy JLL and subsidiary LaSalle Investment Management, though it still trails regional peers Singapore and Japan in the rankings. The city secured 14th place in the latest edition of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131488,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/transparency-crucial-to-uae-real-estate-sector\/","url_meta":{"origin":18028,"position":4},"title":"Transparency crucial to UAE real estate sector","date":"November 3, 2022","format":false,"excerpt":"\r The Dubai Real Estate market has been judged to be the most transparent in the region, according to real estate and investment management firm, JLL.\r \r Source : arabianbusiness.com\r Read more...Transparency crucial to UAE real estate sector","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/11\/dubai-real-estate-1000x667-4.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":126489,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-to-boost-financial-sustainability-transparency-investor-confidence-with-new-debt-management-office\/","url_meta":{"origin":18028,"position":5},"title":"Dubai to boost financial sustainability, transparency, investor confidence with new Debt Management Office","date":"May 10, 2022","format":false,"excerpt":"\r The Debt Management Office established by the Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum will be tasked with meeting the government's financing requirements and managing the sovereign debt portfolio\r \r Source : arabianbusiness.com\r Read more...Dubai to boost financial sustainability, transparency, investor confidence with new Debt Management Office","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/05\/UAE-dirhams-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18028"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=18028"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18028\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=18028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=18028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=18028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}