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New deals to boost Dubai real estate market

UAE - March 31, 2019

Dubai Land Department (DLD) yesterday announced that it signed four memorandum of understandings (MoUs) with local and international government entities on the sidelines of Dubai Property Festival ( DPF ) to promote Dubai real estate market.

In a statement, DLD said the new deals will help provide ideal investment opportunities to those investors who wish to own freehold properties in Dubai to live, work and invest.

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. This comes as a result of the vast experience gained by DLD in the various processes and mechanisms of regulation and real estate registration and position Dubai as a destination of excellence and innovation.

DLD and the DIFC Courts signed a cooperation agreement. It focuses 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.

Also, DLD signed an agreement with Dubai Television to promote Dubai real estate market. Under the agreement, Dubai TV will produce a special TV programme in 2019 consisting of 17 episodes, which will be presented weekly, including four episodes during the holy month of Ramadan through Ramadan councils, and 13 episodes during the last quarter of 2019, which will include topics to be agreed between the two parties.

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 a mutual promotion of properties in Dubai and Mauritius, in accordance with the best promotional standards in order to serve and ensure customers happiness.

And 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.

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