Property Index aids investors
Local property firm Al Mazaya Holding has launched the Al Mazaya real estate index online.
Local property firm Al Mazaya Holding has launched the Al Mazaya real estate index on www.mazayaindex.com, to monitor property movement in the GCC across a variety of realty sectors.
The index is the first real estate reference in the region to observe trends and changes in the local real estate market.
Eng. Khalid Esbaitah, CEO, Al Mazaya Holding said: "The index is based on an accurate, scientific framework that allows all segments of society to benefit. It offers simple reading for unspecialised people, as well as more advanced, comprehensive material for investors and other real estate experts. Anyone who is interested in the real estate market may log onto the website to retrieve valuable data, reports, and figures with ease, in addition to the special report about the real estate index issued by Al Mazaya to be distributed to all subscribers on a monthly basis."
The index measures the progress of all the real estate indices in the GCC, including the residential lands index, the trading on flats and villas index, the commercial and investment lands index, and the prefab offices index, while providing a comprehensive analysis of the movement of each index across the GCC countries.
The aim is to provide property invostors with the opportunity to select the most profitable real estate investment by recognising the most active sector in a particular country in terms of value and volume, in addition to getting to know all the prices of real estate activities as reflected by the index.
Dr. Ahmed M. Al Samerai, president, Sahara Group said, "We exist in a world of competition among the giant economic forces that lead the world economy. No doubt that the GCC economy is rapidly growing and entering the global competition in many sectors, such as the real estate sector, which is considered one of the strongest in the world. The Al Mazaya index is establishing a new era of development in the regional real estate market - a development that goes beyond the arts of architecture and construction to offer credible, comprehensive and transparent figures, data and research".