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What is being seen as a move to modernize the way property purchase is done, Dubai's Land Department (DLD) has now gone into strategic business partnerships with the seven leading developers in Dubai real estate. Name of these developers are:
- Emaar Properties
- Binghatti Properties
- Aldar Properties
- Sobha Realty
- Azizi Developments
- Danube
In this new move, the developers will now be empowered with DLD's advanced registration systems directly, a move that shall ease real estate transactions and make them faster and more efficient.
The new approach will reduce time wasted on registrations and audits, as this is now doable in-house with DLD's advanced technology. This is likely to drastically slash the time required to process property-related transactions, thereby improving the experience of all buyers and investors involved. It shall also be conducive to enhanced investor protection through increased control and accountability for retailers, thus creating a fair market environment.
It also aligns with DLD's commitment to fostering collaboration with the private sector and leveraging technology to realize exceptional public services. This move further supports Dubai's ongoing efforts to enhance its attractiveness as a hub of real estate investment globally through simplification and Daytona ease of doing business. Now, this new development has gotten the Dubai property market ready to produce more efficiently and expand even further, making it a sweeter deal for investors and buyers hoping for a smooth and secure property transaction.
