Dubai Land Department (DLD) and Jones Lang Salle (JLL) launched the first-ever ‘Dubai Commercial Property Price Index’ (CPPI) at Cityscape Global 2021.
The index, which comes in pursuance to a memorandum of understanding (MoU) signed in 2020, was launched by Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD, and Thierry Delvaux, CEO of JLL Middle East, Africa and Turkey.
The CPPI is the sole commercial price index in Dubai and will act as a reliable source of data for use by investors, agencies, and institutions. In addition, it will allow investors to monitor commercial market performance when making investment decisions and portfolio management.
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 Cityscape Global Summit and Exhibition are taking place over two days from 7 – 11 November at the Dubai Exhibition Centre (Expo 2020 site). The summit aims to mirror and address the three main sub-themes of Expo 2020 (opportunity, mobility and sustainability), with a special focus on the MENA region, specifically the UAE, the KSA, Oman, Egypt, and Bahrain.
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