Al Mazaya to announce tomorrow the launch of the region's first ever property index

However accurate and up to date statistical information and data, in addition to impartial research and studies that encompass the regional property market on a whole, has so far eluded them.

One of the region's leading property firms Al Mazaya Real Estate Co., who produce an industry wide technical periodical for those who are interested in the real estate market's mechanisms, have to date been providing for the property market, limited in-depth research and analysis, as well as weekly, monthly and quarterly reports. In conjunction with Sahara Group, an agreement is expected to be signed by them that will permit for the establishment and operation of the region's first property index. The signing will be held during a big celebration at the Fairmount Hotel in Dubai tomorrow February 1ST, where a large number of experts, businessmen, investors and media will attend.

"We have always aimed through our services to provide a trusted source for accurate information on the industry's market. Today is the perfect time for what we have been doing to come of age by means of the creation of this Arabian property index. We hope that it will serve and compliment the industry well." said Khalid Esbaitah, Managing Director and CEO, Al Mazaya Holding.

"Being the fruitful product of three years of hard work, Al Mazaya Index is indeed pioneering and ground-breaking. Furthermore this initiative has been achievable since we have the support of international parties and corporations (their names will be announced later), who will ensure the integrity and objectivity of the research and data it will provide."

he added.

Tomorrow's celebration is expected to provide a complete and detailed explanation of the index's concept, operation and benefits by Khalid Esbaitah and Dr Ahmed Samerai founder and chairman of Sahara Group.

Industry experts anticipate that such a revolutionary index will be highly profitable and become extremely important to the property market's present and future growth.