The Dubai Land Department (DLD) has entered into a significant partnership with seven of Dubai’s top developers, enabling them to utilize DLD’s advanced registration systems for real estate transactions. This initiative is designed to boost collaboration with the private sector and improve public services through enhanced electronic systems, aiming to reduce transaction times and streamline processes for all parties involved.
The developers involved in this agreement include Emaar Properties, DAMAC, Binghatti Properties, Aldar Properties, Sobha Realty, Azizi Developments, and Danube. Through this collaboration, these companies will be integrated with DLD’s advanced registration systems, allowing them to offer faster and more efficient services. This will significantly improve the buying and selling experience in Dubai’s real estate market.
Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, highlighted the significance of this partnership, saying, “Our goal with this collaboration is to build trust in the real estate market, ensure better protection for investors, and simplify procedures through transparent governance.” He also stressed the importance of strengthening ties with the private sector and aligning government services as top priorities for DLD.
Under this agreement, developers will have the authority to register and validate all real estate transactions for both developers and investors directly. This approach is expected to cut registration times from several days to just a few minutes, improving efficiency and boosting satisfaction for clients and investors alike.
This partnership is expected to not only increase the operational efficiency of the real estate sector but also drive economic growth and attract more investments, benefiting Dubai’s economy. Additionally, DLD aims to enhance its regulatory oversight of the real estate market, allowing for more accurate monitoring and management of transactions.