Dubai Land Department (DLD) signed a strategic partnership with Dubai Properties (DP), a member of Dubai Holding, to promote Dubais real estate sector.
The agreement was signed by HE Sultan Butti bin Mejren, director general of DLD, and Raed Al Nuaimi, group CEO of Dubai Properties. Under the collaboration, Dubai Properties will support DLDs strategic initiatives and projects.
Mejren said: We are striving to attract more partners to support our projects and initiatives, which aim to achieve a qualitative leap in the real estate sector. These initiatives include the Real Estate Self Transaction (REST), which is the first digitised real estate market in Dubai that allows investors to conduct real estate transactions with multiple parties at any time and from anywhere in the world. The new platform enables customers to manage their real estate transactions digitally, eliminates paper documents and reduces brokerage procedures, promoting Dubais position as
the preferred global destination for real estate investment.”
DLD is seeking to strengthen its relationship with partners in various fields to help implement its initiatives and vision. The department also hosts multiple events and conferences to support the sector and spread real estate awareness. This comes through coordination with various partners in the public and private sectors, who share the aim of establishing transparent cooperation agreements that support DLDs strategic objectives and benefit all parties.
Mejren added: Our strategic partnership with Dubai Properties confirms DLDs consistent approach, which is aligned with the directives of our wise leadership to promote Dubais position as an attractive and pioneering international investment destination. This step comes as part of our ambitious mission to further enhance the excellence of Dubais real estate sector. We are committed to cooperating with various parties involved in the sector and our success depends on the services provided by these partnerships.
DLD expects that the agreement will contribute to the integration and coordination with its partners, with everyone working toward achieving the Dubai Plan 2021. The departments agreements reflect the dedication of all parties to proactively supporting and strengthening existing strategic partnership relationships, thus contributing to the development of the real estate sector.
Raed Al Nuaimi said: Dubai Properties is committed to creating happy and healthy communities that inspire people to call Dubai their home. Our strategic partnership with DLD aligns with our sustained endeavours to stimulate the emirates stable property market. It also complements our ongoing efforts to drive significant growth in the real estate sector through offering best-in-class built solutions that respond to the needs of home-owners and buyers.