Real Estate Data Access Expanded in Abu Dhabi
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The Abu Dhabi Real Estate Centre (ADREC) and the Etihad Credit Bureau (AECB) have joined forces, signing a memorandum of understanding at GITEX Global 2025. This collaboration aims to revolutionize data sharing and risk assessment within Abu Dhabi's property sector. The partnership will integrate property market data with credit profiles, providing stakeholders with enhanced insights into financial performance and potential risks.
This integration is designed to foster transparency and evidence-based decision-making in real estate, aligning with international best practices. Engineer Rashed Al Omaira, Acting Director General of ADREC, highlighted the initiative's role in addressing data gaps and strengthening cooperation between federal and local entities. He stated that the collaboration will enhance the ability to provide insights that support sound investments and reinforce Abu Dhabi's standing as a reliable real estate hub.
Marwan Ahmad Lutfi, Director General of AECB, emphasized the benefits of incorporating details like rent payments and property service charges into credit reports. This integration will promote financial discipline and boost market confidence. By merging financial and property data, ADREC and AECB aim to increase transparency, mitigate risks, and support Abu Dhabi's goal of becoming a premier global destination for real estate investment.
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