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|14 July, 2018

Dubai Properties to support DLD initiatives, projects

Bin Mejren: Partner support for our projects and initiatives contributes to a qualitative leap in the real estate sector

Image used for illustrative purpose. Looking along Sheikh Zayed road towards the business district.

Image used for illustrative purpose. Looking along Sheikh Zayed road towards the business district.

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Dubai Land Department (DLD) has announced a strategic partnership with Dubai Properties (DP), a member of Dubai Holding, to promote Dubai's real estate sector. The agreement was signed by Sultan Butti bin Mejren, Director General of DLD, and Raed Al Nuaimi, Group Chief Executive Officer of Dubai Properties. Under the collaboration, Dubai Properties will support DLD's strategic initiatives and projects.

Bin Mejren said: "We are striving to attract more partners to support our projects and initiatives, which aim to achieve a qualitative leap in the real estate sector. These initiatives include the 'Real Estate Self Transaction (REST)', which is the first digitised real estate market in Dubai that allows investors to conduct real estate transactions with multiple parties at any time and from anywhere in the world. The new platform enables customers to manage their real estate transactions digitally, eliminates paper documents and reduces brokerage procedures, promoting Dubai's position as the preferred global destination for real estate investment."

DLD is seeking to strengthen its relationship with partners in various fields to help implement its initiatives and vision. The department also hosts multiple events and conferences to support the sector and spread real estate awareness. This comes through coordination with various partners in the public and private sectors, who share the aim of establishing transparent cooperation agreements that support DLD's strategic objectives and benefit all parties.

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Bin Mejren added: "Our strategic partnership with Dubai Properties confirms DLD's consistent approach, which is aligned with the directives of our wise leadership to promote Dubai's position as an attractive and pioneering international investment destination. This step comes as part of our ambitious mission to further enhance the excellence of Dubai's real estate sector. We are committed to cooperating with various parties involved in the sector and our success depends on the services provided by these partnerships."

DLD expects that the agreement will contribute to the integration and coordination with its partners, with everyone working toward achieving the Dubai Plan 2021. The department's agreements reflect the dedication of all parties to proactively supporting and strengthening existing strategic partnership relationships, thus contributing to the development of the real estate sector.

Raed Al Nuaimi said: "Dubai Properties is committed to creating happy and healthy communities that inspire people to call Dubai their home. Our strategic partnership with DLD aligns with our sustained endeavours to stimulate the emirate's stable property market. It also complements our ongoing efforts to drive significant growth in the real estate sector through offering best-in-class built solutions that respond to the needs of home-owners and buyers."

DLD recently presented Dubai Properties with a commemorative award to recognise its support as a strategic partner of the 69th FIABCI World Real Estate Congress, which ran from 27th April to 2nd May 2018 in Dubai. The event made Dubai the first city in the MENA region to host a conference of this magnitude and reinforced the emirate's position as a key market for property investors across the globe.

Dubai Properties is responsible for shaping some of Dubai's most renowned and iconic real estate destinations. As a member of Dubai Holding, the global investment holding company, Dubai Properties has developed large-scale, mixed-use destinations across the emirate including Jumeirah Beach Residence and Business Bay, as well as residential projects in Dubailand. - business@khaleejtimes.com

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