The Dubai Land Department (DLD) concluded its participation in Cityscape Global 2021 at the Dubai Exhibition Centre (the site of Dubai Expo 2020) from November 9th to 11th. During this period, DLD launched a series of initiatives and emphasized its diversity and Innovative service.
In three days, DLD demonstrated its innovative application Dubai REST and its most prominent services, such as Ask Maik service and DLD Document Vault. On the first day, DLD launched the first local commercial property price index (CPPI) to help investors, companies and institutions monitor the performance of the commercial market when making investment decisions and managing investment portfolios. On the second day, the building classification survey project was launched, covering 150,000 plots of various types, providing a wide range of active services and solutions for customers in the real estate industry.
On the third and final day, based on DLD’s continued efforts to promote the real estate market in the emirate, DLD signed two new memorandums of understanding with the real estate promotion trustee, and renewed four other memorandums of understanding under the witness of the following personnel. His Excellency Sultan Butti bin Mejren, Director General of DLD, And some officials from DLD.
At the Gulf Cooperation Council level, DLD signed a regionally first memorandum of understanding with Saudi Amako Real Estate Company, and signed another memorandum of understanding with Russian “IMEX Real Estate Brokers”. On the other hand, DLD has renewed the memorandum of understanding with 4 other real estate promotion trustee offices, namely: Century 21 Front Desk Real Estate in the United States, Medallion Associates Real Esatate Promotion Trustee LLC, Dubai Link Real Estate Promotion Trustee DMCC in Canada and Q4 Consultant FZ in India LLC.
The Real Estate Promotion Trustee Program is one of the real estate promotion tools to increase the emirate’s attractiveness to foreign investors. These agreements will allow the aforementioned promotion trustee’s office to spread real estate knowledge about the Dubai real estate industry in the global market through various digital and non-digital means. They also allow DLD to organize and participate in local and global real estate conferences, exhibitions and seminars, as well as investor visits to Dubai to view investment opportunities, provide investors with full support, and provide them with sufficient information and support.
Thousand Myron Commented: “At the end of this grand event, we reaffirmed our commitment to unremitting and continuous work to consolidate Dubai’s global presence in the real estate market in accordance with the instructions of our wise leadership headed by His Highness Sheikh Mohammed bin Rashid. Status. Vice President and Prime Minister of the UAE and Chief of Dubai Maktoum. We are very pleased that Cityscape Global has become a unique platform that brings together various developers, investors and people interested in the city’s real estate market to showcase With all these great results, we look forward to our various contributing partners to improve the vision of future real estate investment.”
Thousand Myron He added: “The Memorandum of Understanding signed during Cityscape affirms DLD’s role in strengthening its Dubai real estate market promotion efforts. Of course, due to the trustee’s expertise, knowledge and consulting role, these agreements are in introducing our real estate market and attracting More investors will be of great benefit.”
Majida Ali Rashid, CEO of DLD Real Estate Promotion and Investment Management, Said: “DLD is working hard to improve its access to various global markets as part of its efforts to realize the vision of wise leadership to position Dubai as the world’s premier real estate destination and become synonymous with innovation, trust and happiness. With The memorandum of understanding signed by the professional and experienced promotion trustee helps to enter various markets around the world, encourages foreign investors of different nationalities to enter the Dubai real estate market, and introduces them to the various benefits and environment provided by the emirate for foreign investors as well as solid And flexible infrastructure.”
Rashid added: “The markets included in the new and existing MoUs are very important to Dubai because investors from these countries are among the top real estate investors in Dubai. Therefore, increasing our access to them will create additional We will work with our partners to further confirm our commitment to the values of transparency and professionalism, strengthen integration with the private sector, and conclude agreements to enhance Dubai’s global reputation as an outstanding investment destination. This will strengthen investor confidence in Dubai.”