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Dubai, UAE: In an effort to modernize and develop the legislative structure of Dubai’s real estate sector, the Dubai Land Department (DLD) has submitted a draft of the upcoming Rental Law to Dubai’s higher authorities to extensively study and discuss the initiative.
Sharing his thoughts on the upcoming Rental Law, Muhammad BinGhatti, CEO and Head of Architecture at Binghatti Developers said: "The forthcoming Rental Law will raise the level of transparency of Dubai’s real estate transactions, which will reinforce the securing of contractual parties’ rights and bring greater stability to the emirate’s real estate market."
"The Law will allow for further improvements in the quality of services in Dubai’s rental market, and consequently provide safer, faster, and more user-firmly services supported by fully digitalised and modern technologies. Under the guidance of Dubai’s Government and leadership, and with continuous efforts of the Dubai Land Department (DLD), the emirate’s real estate market has been witnessing developments consolidating the principles of clarity and transparency, reinforcing Dubai’s position as one of the best real estate markets in the world." added BinGhatti.
Muhammad BinGhatti concluded by stating: "The vision and leadership of H.H Sheikh Mohammed bin Rashid Al Maktoum, UAE’s Vice President, Prime Minister and Ruler of Dubai, ensures the continuous growth and maturation of Dubai’s real estate sector. "
About Binghatti Developers:
Binghatti Developers is an award-winning Dubai based property developer led by the CEO & Head of Architecture Muhammad BinGhatti. The dynamic company offers iconic properties with ground-breaking architectural designs, world class materials, and unrivalled lifestyle amenities. Empowered by mercantile experience since 1875, the brand seeks to redefine the norms of the industry by delivering reasonably priced high-quality projects in a timely manner. Within a short time-frame, the company has proven itself as a viable alternative to some of the larger market players in Dubai, strengthening its reputation with an extensive portfolio of completed projects.
Binghatti Developers, the Real Estate development arm of Binghatti Holding, operates throughout the UAE with an investment value constituting AED 3 Billion across a portfolio exceeding 30 projects, including its strategic partnership with Millennium Hotels and Resorts.
The company currently operates in several areas throughout Dubai including Business Bay, Dubai Silicon Oasis, Al Jadaf, Dubai Marina, Jumeirah Village Circle, Liwan, and Dubai Land Residence Complex, in addition to a mega commercial project in Abu Dhabi covering an area of 1 million square feet. The company possesses bold plans for expansion in the coming years, specifically focusing on the growth of its Real-Estate portfolio in Dubai.
For more information, please contact:
Oualid El Meriague
Marketing & Communications Officer
Email: oualid.meriague@binghatti.com
Tel: +971 56 403 6821
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