New real estate guide unveiled at Cityscape summit

Guide aims to list all the services provided by the various licensing entities in Dubai to real estate developers

Dubai Land Department today (November 17) announced the launch of Real Estate Development Guide at the ongoing Cityscape’s Real Estate Summit 2020.
It was prepared by DLD, in cooperation with its partners in the public and private sectors.
The guide aims to list all the services provided by the various licensing entities in Dubai to real estate developers to facilitate the real estate development process and make it more transparent.
It was launched by Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) at the Dubai event.
During his visit to the DLD’s stand, Al Tayer viewed the content of the guide, which includes all services provided to the real estate developer in Dubai from the various parties involved in the real estate development process.
The guide, which has been prepared in cooperation with 23 governmental and non-governmental entities is available in an electronic format that facilitates the browsing process, said the statement from DLD.
The real estate development process in Dubai has been defined through three main stages, including the licencing phase to practise real estate development activity, then the real estate development phase, followed by the post-real estate development phase, it added.
Director-General Sultan Butti bin Mejren said: "We have been keen to consolidate cooperation over the past 60 years and partner with all parties concerned with the registration, development, management, governance of lands and properties in providing services that would help relevant parties perform their business and implement their operations smoothly and easily for the benefit of all. "
"This guide represents one of our initiatives that serve this purpose," he added.
It also provides real estate developers with access to projects under construction according to the different geographical areas in the emirate in a way that would enable them to make appropriate investment decisions. It also states all laws related to real estate development.
The directory provides a first-of-its-kind tool called the "Dubai Real Estate Development Calculator" which provides the estimated cost of the project and the expected time of completion of all government services related it, which helps developers.-TradeArabia News Service

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