dubizzle Property Comment following the Dubai government’s announcement around REST (Real Estate Self Transaction), on Tuesday, May 29th:
“The recent announcement of REST by the Dubai Land Department will have far-reaching impacts on the property market in the UAE and is a testament to the Dubai government’s commitment to driving the digital economy and boosting the UAE’s regional and global competitive edge. We see the introduction of paperless technology as a facilitator rather than a disruptor in the real estate industry.
REST will make transactions faster and more efficient, especially for overseas buyers, we believe real estate agents will continue to have a critical role to play by shifting their focus towards delivering a high-quality experience, using this new technology to create seamless transactions for both vendors and buyers.” - Samer Abdin, General Manager of dubizzle Property
dubizzle is the leading classifieds platform for users in the United Arab Emirates. Since its launch in 2005, dubizzle has become the number one platform for users to buy, sell, or find anything in their community. A community where underused goods are redistributed to fill a new need, and become wanted again, where non-product assets such as space, skills and money are exchanged and traded in new ways that don’t always require centralized institutions or ‘middlemen’.
dubizzle is an OLX Group company:
The OLX Group is a global product and tech company which operates a network of market-leading trading platforms in over 40 countries.
With more than 330 million monthly users worldwide, OLX Group makes it fast and easy to buy and sell almost anything online, such as household goods, phones, cars and houses. Through consumer brands including Avito, dubizzle, letgo, OLX, and many dozen others, more than 15 million things are exchanged on its apps and platforms every single month.
The OLX Group is powered by a team of 5,000 people, operating from +30 offices across five continents. The team is united behind a single mission to make it easy for people to buy and sell almost anything, promoting prosperity in local communities. OLX Arabia is actively expanding in the MENA region in Bahrain, Egypt, Kuwait, Lebanon, Oman, Qatar and Saudi Arabia.
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