Dubai Land Department (DLD) has signed a memorandum of cooperation with Dubai Holding, with the aim of granting it the authority to use the department’s registration systems and register all real estate transactions of the developer and investor, thus increasing the added value of the sector’s data and improving its role in reducing time and effort and achieving customer satisfaction and happiness.
This came during DLD’s participation in GITEX Global 2024, where the agreement was signed by Majid Al Marri, Executive Director of the Real Estate Registration Sector at DLD, and Nasser Al Awadhi, CEO of Dubai Holding Land Management.
Majid Al Marri, Executive Director of the Real Estate Registration Sector at DLD, said: Improving partners’ access to DLD’s real estate database enables us to provide more efficient and accurate services, and enhances the value of information available to stakeholders, which contributes to supporting decision-making based on accurate data and improving the level of transparency in the real estate market.
This will enhance Dubai’s position as a leading global real estate destination. Through this agreement, we continue our efforts to ensure the rights of investors and real estate developers, expedite and facilitate procedures in accordance with transparent governance, and raise the level of confidence in the sector, by consolidating our partnership with the private sector, which is a major contributor to the sustainable and unprecedented development process witnessed by the real estate sector in the Emirate of Dubai.
Nasser Al Awadhi, CEO of Dubai Holding Land Management, said: The memorandum is an important step towards strengthening the partnership between the private and public sectors. We at Dubai Holding are committed to developing the real estate sector by improving the quality of services provided, and providing the necessary training opportunities and technical support.
This initiative will help meet the growing demand in the market, and enhance our ability to provide a transparent and effective environment. We look forward to contributing to strengthening Dubai’s position as a leading destination in the field of real estate development and management, which will benefit the local economy in general.