Dubai Land Authority and seven leading developers team up to cut transaction time
The Dubai Land Department (DLD) has signed an agreement with seven real estate developers in Dubai authorising them to use DLD's registration systems to manage their real estate transactions.
The aim of this initiative is to strengthen cooperation with the private sector and improve the services provided to the public through electronic departmental systems, which will contribute to reducing transaction times and simplifying procedures.
- Emaar Properties
- DAMAC
- Binghatti Properties
- Aldar Properties
- Sobha Realty
- Azizi Developments
- Danube
These companies will use the advanced registration systems developed by DLD to provide highly efficient and high quality services to Land Office customers.
Majid Al Marri, director general of the Dubai Land Authority's property registration sector, said: "Through this partnership, we aim to strengthen confidence in the real estate market, ensure greater protection of investors' rights and speed up and simplify procedures in line with transparent governance standards.
"Increasing the level of partnership with the private sector and achieving integration with government services remain top priorities for us.
"This will ensure the delivery of proactive property services, increase awareness, trust and transparency in the sector and strengthen its sustainability and future readiness."
Source: Arabian Business