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The Dubai Land Department (DLD) announced the launch of a new real estate initiative known as 'Real Estate Lawyer' in partnership with Al Tamimi & Company. The agreement outlining the details of the initiative was drafted to facilitate growth in the real estate market by providing greater support for real estate investors and encouraging further foreign investor participation in the emirate.
The DLD's real estate initiative is designed to increase transparency, streamline real estate transaction processes, reduce transaction time, and facilitate strategic partnerships between public and private sectors. The intention, as a result, is to propel further growth and investment into Dubai and Dubai's real estate market.
Sultan Butti bin Mejren, director-general of the DLD, said: "Dubai is embarking on ambitious strategies to encourage real estate investment, beyond the expectations of global investors, to make Dubai the ideal choice. Facilitating and streamlining procedures is an important incentive to attract investors. We will continue to work with our partners from the public and private sectors to facilitate investment in Dubai real estate and launch more incentive initiatives while adopting the best innovations to ensure that real estate transactions are carried out with ease."
Majid Saqer Al Marri, CEO of the Registration and Real Estate Services Sector at the DLD, said: "The real estate initiative will deliver multiple benefits to investors. Moreover, it will promote the Dubai real estate market on par with international standards, enhancing governance, transparency, and efficiency in the sector." - business@khaleejtimes.com
