Dubai Land Department (DLD) and Jones Lang Salle (JLL), a leading global property consultant, launched the first-ever ‘Dubai Commercial Property Price Index’ (CPPI) at Cityscape Global 2021.
Launchers
1. The index was launched by Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD.
2. Thierry Delvaux, CEO of JLL Middle East, Africa and Turkey.
The Index Issue
The index will be issued on a quarterly basis in both English and Arabic and will be a key benchmark for analysing the performance of commercial real estate in Dubai.
The CPPI Role
- Act as a sole commercial price index in Dubai.
- Reliable source of data for use by investors, agencies, and institutions.
- Allow investors to monitor commercial market performance when making investment decisions and portfolio management.
DLD Role
Constantly keen to develop tools:
1. To enhance the trust of customers, investors and those interested in the real estate sector and market in the emirate.
2. To enhance the attractiveness of real estate investment in the emirate.
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