Land Department launches ‘Invest in Dubai’ virtual platform to connect stakeholders

The Dubai Land Department (DLD) has introduced a new real estate promotion drive to help spur interests and attract investments into the sector.

DLD’s ‘Invest in Dubai’ is a year-long initiative, through the Promotion and Real Estate Investment Management Sector, under the theme ‘Discussing the Opportunities that Arise from Dubai as a Real Estate Investment Destination’.

It aims to highlight Dubai’s position within the global real estate industry through an automated, virtual platform that features stakeholders including developers, investors, and brokers, linking them in turn to investors worldwide, as well as those seeking to live in Dubai.

“Here, the need to unify our visions, bring together real estate minds from around the world, and harness tools and capabilities are of utmost importance for us to help shape the future of real estate in a manner that enhances the sustainability of our successes to achieve global leadership in Dubai’s real estate market,” said Sultan Butti bin Mejren, director-general of DLD.

“Through our new initiative, we will invite outstanding real estate minds from all over the world to communicate through this unique and beneficial virtual platform, where they can build new relationships and attract real estate investments to build a phenomenal global city that has inspired us to progress into the future and overcome all our challenges,” said Majida Ali Rashid, CEO, Promotion and Real Estate Investment Management Sector at DLD.

“Over the past few years, Dubai has secured its place as a global investment hub and the most important investment destination in the world, and we are committed to thriving the investment gateway by connecting to the most distinguished local and international organisations and experts,” added Ali Rashid.

In April, as the global pandemic accelerated, the DLD through its regulatory arm, the Real Estate Regulatory Agency (RERA), announced a CSR initiative called Together, in cooperation with several jointly owned property (JOP) management companies in Dubai to support tenants and landlords coping with the fallout of the Covid-19 pandemic.

Read: Dubai Land Department issues new relief measures for tenants, landlords

On July 6, Amlak Finance, the Islamic real estate financier, entered into an agreement with DLD for customers to invest in ready properties listed by the mortgage provider by way of installment payment plans for a tenure of up to six years.