What To Know
- Majid Al Marri, the CEO of the Real Estate Registration Sector at the Dubai Land Department, explained the effects of such deals.
- He said, “The partnership seeks to increase the market confidence in the real estate market, investor’s rights protection, and the simplification of procedures as per the transparent governance approach of the company which remains a priority to further boost the level of partnership with the private sector and the integration with the government services so as to provide effective and proactive real estate services which in turn enhances awareness, confidence, and transparency in the real estate sector, thus making the sectorThe agreements not only signify the concern of the DLD towards enhancing public services but also ascertain that the DLD is keen on consolidating governance, transparency, and investor assurance within Dubai’s property market.
- This adoption of these progressive registration systems is a significant stride towards meeting the department’s vision to set up a more durable and forward-thinking property industry to sustain Dubai’s standing as a premier real estate hub.
The Dubai Land Department (DLD) has further integrated its efforts towards the digitization of real estate procedures, recently signing deals with seven leading real estate firms of Dubai. It enables these companies to tap into DLD’s registration systems for dealing with property-related transactions, which is a step that will boost efficiency levels, guarantee top-notch services, and shorten the duration it takes to complete transactions. Concerning the developers who are involved in this strategic partnership, they consist of Emaar Properties, DAMAC, Binghatti Properties, Aldar Properties, Sobha Realty, Azizi Developments, and Danube. To complement DLD’s enhanced registration platforms, these firms seek to ensure that clients receive professional services together with optimized operational productivity. This approach aligns with the vision of Dubai to improve its real estate industry through digital transformation and integrated public-Private partnership. Majid Al Marri, the CEO of the Real Estate Registration Sector at the Dubai Land Department, explained the effects of such deals. He said, “The partnership seeks to increase the market confidence in the real estate market, investor’s rights protection, and the simplification of procedures as per the transparent governance approach of the company which remains a priority to further boost the level of partnership with the private sector and the integration with the government services so as to provide effective and proactive real estate services which in turn enhances awareness, confidence, and transparency in the real estate sector, thus making the sectorThe agreements not only signify the concern of the DLD towards enhancing public services but also ascertain that the DLD is keen on consolidating governance, transparency, and investor assurance within Dubai’s property market. Such collaborations are likely to increase the efficiency of government agencies, involving private developers in the process, which eventually will create a responsive real estate market. This adoption of these progressive registration systems is a significant stride towards meeting the department’s vision to set up a more durable and forward-thinking property industry to sustain Dubai’s standing as a premier real estate hub.
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