Enhancing Transparency, Efficiency, and Security in Transactions
Reported by Al Khaleej Newspaper
In a move to leverage blockchain technology for advancing real estate services and transactions in the emirate, the Abu Dhabi Real Estate Center (ADREC) announced the signing of a strategic Memorandum of Understanding (MoU) with the Technology Innovation Institute (TII), Venture One, FinStreet Ltd., AD ADLTL, and Advanced Real Estate Services Company.
The agreement aims to enhance transparency, efficiency, and security in real estate dealings through innovative blockchain-based solutions, while maintaining the independence of each participating entity under a comprehensive strategic collaboration framework designed to achieve shared objectives.
Engineer Rashid Al Ameri, Acting Director General of the Abu Dhabi Real Estate Center, stated that this partnership marks a pivotal step toward positioning Abu Dhabi as a global hub for real estate innovation, by enabling a more transparent, efficient, and reliable transaction ecosystem, improving asset management, facilitating cross-border transactions, and integrating data across government services to accelerate the digital transformation of the real estate sector.
Dr. Najwa Al Araj, CEO of the Technology Innovation Institute, added: “Blockchain is redefining the way transactions are executed intelligently, strengthening trust and security at every stage. Through collaboration with our partners, we are developing advanced solutions for automating property transfers, tokenizing real estate assets, and expanding investment opportunities, which will enhance market transparency and integrity, while reinforcing Abu Dhabi’s status as a global destination for real estate innovation.”