Dubai Land Department signs four key deals to boost realty

The Dubai Land Department (DLD) has signed four important memorandum of understandings (MoUs) with local and international government bodies to promote the emirate’s real estate sector.

Department spokespeople have said the new deals will provide great opportunities to those investors who wish to own freehold properties in Dubai to live, work – or simply invest.

Firstly, DLD and the DIFC Courts signed a cooperation agreement to focus on exchanging knowledge, experiences at all levels, exchanging ideas, studies, and researches related to the parties' competence and field of work – as well as continuous coordination.

DLD also signed an agreement with Dubai Television to promote Dubai's real estate market. Under the agreement, Dubai TV will produce a special television programme in 2019 consisting of 17 episodes, which will be presented weekly.

The third MoU was signed between Dubai and the Republic of Mauritius to exchange expertise on smart cities, artificial intelligence and e-governance, as well as mutual promotion of properties in Dubai and Mauritius.

The fourth MoU was signed with Morocco's Ministry of Land Preparation, Reconstruction, Housing, and City Policy, which aims to develop activities of mutual interest in the real estate sector and encourage real estate investment.

"The signing of the four MoUs reflects the integration between multiple departments and official government entities in the emirate in various fields as well as the exchange of experiences with international institutions,” said Sultan Butti bin Mejren, Director General of DLD.

“This comes as a result of the vast experience gained by DLD in the various processes and mechanisms of regulation and real estate registration, strengthening our leadership at the global level, and positioning Dubai as a destination of excellence and innovation."

The DLD falls under the Executive Council of Dubai's umbrella, headed by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, and strives to provide a range of real estate related services.

The most prominent of these services are documenting of property sales and purchases, issuing real estate ownership, organising and promoting investments, and spreading knowledge and culture pertaining to a well-trained and qualified national cadre in the real estate sector. The department strives to provide the best services to its clients and to facilitate customers' transactions, a culture inspired by the competitive and productive vision set by the Emirates 2021 plan.

DLD was formerly known in the 1950s as the Land Registry Department. It was the first entity to handle properties and ownership affairs until H.H. Sheikh Rashid bin Saeed Al Maktoum, established the Land Affairs Commission, granting it the authority to document and audit certificates, and examine and map properties.