The Land Department (LD) of Dubai has launched today a virtual real estate investment map that enables global access to all of the emirate's property projects - completed, under construction and planned. This essentially means that the map will be linked to the Real Estate Regulatory Agency's (RERA) construction progress reports.
Speaking on the sidelines of one of the Middle East's largest real estate development event Cityscape Global Dubai 2013, Majida Ali Rashed, manager of the LD's Real Estate Investment Management & Promotion Centre, said the map, which was created in cooperation with Space Imaging and Google Earth/Maps, will be updated every six months.
"We have included all kinds of properties at all stages. This is only Phase I. In Phase II, we will link the map to GIS (Geographical Information System) for exact information by mid-2014," she says.
"We cover two objectives with this map, one, we want to support developers with projects they launched under a government umbrella. The map provides a platform where all projects can be easily located." Rashed says.
Developers will pay a one-time fee of AED 5,000 (USD 1,360) to register for the use of the map, which includes being able to post their own information so as to keep the site updated. The general public can also access the map for free. Selecting individual buildings will show detailed information on the units available, as well as facilities and the surrounding attractions.
"Anyone can access the map and register for more detailed information," adds Rashed.
Zawya 2013
