Improved real estate transparency is fundamental to successful strategic decision-making in the real estate investment sector. Using the JLL global real estate transparency index, countries are classified as high transparency, transparent, semi-transparent, low transparency and opaque. As well as the composite real estate transparency measure, the five real estate transparency sub-indices for investment performance measurement, market fundamentals, governance of listed vehicles, regulatory/legal and the transaction process are also produced. This paper assesses the dynamics, linkages and changes in these real estate market transparency sub-indices for 109 real estate markets over 2004-2016, comprising 88 emerging markets and 21 developed markets. This is also assessed in a regional and global real estate market context. Differences in these real estate transparency sub-indices between the emerging and developed markets are also highlighted. The ongoing real estate investment implications are also identified.