Complex Made Simple

More transparency to boost Middle East realty growth

Alan Robertson, CEO of Jones Lang LaSalle, Middle East & North Africa, has said that while transparency has increased in most markets in the Middle East and Africa (MEA) over the past two years, the region continues to experience lower levels of transparency than other parts of the world, Saudi Gazette has reported. The more transparent a market is, the more informed decisions can be made and the lower the risk premium, said Robertson. Dubai is the most transparent of the 15 markets covered across the Middle East and North Africa, and ranks in the semi-transparent category (at 47 out of the 97 markets covered globally), he said.