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8/21/24, 11:17 AM DLD signs agreements with 7 developers to manage real estate transactions - Construction Week Online
The agreement includes Emaar Properties, DAMAC, Binghatti Properties, Aldar
Properties, Sobha Realty, Azizi Developments and Danube.

Under the agreement, the developers are granted full permission to use property
registration systems developed by DLD to register and audit all real estate transactions
for both developers and investors.

“This will reduce the registration process time from days to a few minutes, in addition
to increasing the registration capacity, which positively impacts the satisfaction levels
of clients and investors,” said a DLD statement.

Majid Al Marri, CEO of the Real Estate Registration Sector at Dubai Land Department,
said, “Through this partnership, we aim to enhance market confidence in the real estate
market, provide greater protection for investor rights, and expedite and simplify
procedures in accordance with transparent governance standards.”

“Elevating the levels of partnership with the private sector and achieving integration
with government services remain top priorities for us. This ensures the provision of
proactive real estate services, raises awareness, confidence, and transparency in the
sector, and solidifies its sustainability and future readiness,” Al Marri said.

“At Dubai Land Department, we are committed to enabling our partners in this
agreement to complete the relevant services in accordance with the technical
conditions for using the specified systems. We will also provide necessary training and
technical support to the employees of these companies for operating the system, in
addition to maintaining the quality of transactions registered by these companies and
evaluating the accuracy of their records,” added Al Marri.

Through this agreement, Dubai Land Department enhances the ability of real estate
companies to meet the growing demand for properties, which supports economic
growth and increases investment in the market, benefiting the local economy overall,
read the DLD statement announcing the agreements.

“Additionally, DLD will improve its supervision and regulation of the real estate market
by more effectively tracking all transactions. This supports the emirate’s ambitions and
efforts to become one of the world’s leading cities in real estate management and
development,” said DLD.

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