The Dubai Land Department (DLD) has signed an agreement with seven major developers, including Emaar and Damac, allowing them to use DLD's registration systems for real estate transactions. This initiative aims to enhance cooperation with the private sector, improve service quality, and streamline procedures. Majid Al Marri, CEO of DLD's Real Estate Registration Sector, emphasized that this partnership will boost market confidence and protect investor rights. The agreement is expected to reduce registration times from days to minutes, increase capacity, and improve client satisfaction. It also supports developers in meeting growing property demand and enhances DLD's market supervision. This collaboration marks a significant step in modernizing Dubai's real estate sector.
The Dubai Land Department (DLD) has entered into an agreement with seven prominent real estate developers, including Emaar, Damac, Sobha Realty, Binghatti Properties, Aldar Properties, Azizi Developments, and Danube. This partnership allows these companies to utilize DLD's advanced registration systems for managing real estate transactions.
The primary objectives of this initiative are to support collaboration with the private sector, enhance service quality and streamline procedures by reducing transaction times. By granting these developers access to its sophisticated registration systems, DLD aims to provide more efficient and high-quality services to its customers.
Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, emphasised that this partnership is designed to boost market confidence, protect investor rights, and accelerate processes through transparent governance standards. He also highlighted the importance of strengthening ties with the private sector and integrating government services to offer proactive real estate services, increase awareness, and ensure the sector's sustainability and future readiness.
Under this agreement, developers now have full authorisation to use DLD's systems for registering and auditing all real estate transactions for both developers and investors. This is expected to significantly reduce registration times from days to minutes, increasing capacity and leading to higher satisfaction among clients and investors.
The partnership is also aimed at helping developers meet the growing demand for properties, which in turn supports economic growth and attracts more investment to the region. Additionally, DLD stated that this agreement would enhance its ability to supervise and regulate the real estate market effectively. This collaboration represents a significant step towards modernising and streamlining Dubai's real estate sector, promising benefits for developers, investors, and the broader economy.
In conclusion, the partnership between the Dubai Land Department and prominent real estate developers represents a significant step towards modernising and streamlining Dubai's real estate sector, promising benefits for developers, investors, and the broader economy through enhanced service quality, reduced transaction times, and strengthened collaboration between the public and private sectors.
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