#Dubai Land Department
This move positions Dubai at the forefront of integrating virtual assets into the real estate sector
The initiative is designed to foster collaboration among stakeholders and address challenges proactively before they escalate into legal disputes
The number of new investors joining the sector reached 110,000, a remarkable 55 per cent increase, further solidifying Dubai’s standing as a premier global investment hub
The developers included in this agreement are Emaar Properties, DAMAC, Binghatti Properties, Aldar Properties, Sobha Realty, Azizi Developments and Danube
Dubai’s high rental yields, easy real estate financing, and accessible residency visas are factors driving property ownership over renting
Using an escrow account ensures regulation of funds during the construction process of the units sold, ensuring the protection of investors and their rights
The government tasked a ministerial committee to assess the damages and disburse compensations in cooperation with other federal and local entities
Sheikh Hamdan directed the Dubai Land Department to coordinate with property developers to expedite the restoration of normalcy
The agency had previously issued circulars and warnings to emphasise the provisions and conditions of real estate advertising and ensure compliance
The value of real estate transactions exceeded Dhs634bn with the number of transactions reaching over 166,400 real estate transactions in 2023
Dubai Land Department data showed that Al Barsha South Fourth headed the list with 10,351 transactions, followed by Dubai Marina and Business Bay
Dubai Land Department’s RDC unveiled Metaverse Litigation a virtual platform for real estate litigation sessions and the new Judicial Probe service, which uses AI
The initiative is aimed at encouraging the testing and commercialisation of new and innovative products and technologies in Dubai
Dubai’s real estate sector witnessed transactions worth a record Dhs528bn in the past year, a 76.5 per cent increase from 2021
The top 10 list of locations that registered the highest number of transactions included Dubai Marina, Al Barsha South 4, Burj Khalifa, Al Merkadh, Al Hebiah 5, and Jebel Ali 1
A total of 122,658 real estate transactions were registered in Dubai in 2022, an increase of 44.7 per cent from 2021
Al Hebiah Fifth recorded the most transactions for this week with 133 sales transactions worth Dhs386.38m
Tthe focus is on shifting to an employee-first culture, refreshing DLD’s identity and enhancing its position, and adopting a proactive and human-focused approach
The MoU signed by the entities will allow business councils and groups under Dubai Chambers to own and rent real estate and offices in the emirate
According to Mo’asher data, Q2 2022 marked the highest quarterly volume of sales transactions for the last decade, with a total of 22,504 transactions worth Dhs59.154bn
The decree covers all real estate investment funds licensed and regulated by government authorities as well as private development zones and free zones
Dubai enters ‘Transparent’ tier status for the first time driven by new regulations and enhanced digital services
The representatives from both teams shared their experience and best practices in digital transformation and customer service
It marked a 45.5 per cent increase over the month of April 2021
The Dubai Land Department coordinated with Property Finder to launch the inaugural edition of the index
The MoUs with Bayut, DXBinteract.com and Property Finder will provide the real estate sector with solutions to encourage transparency in information and procedures
The Dubai Marina area saw the highest number of transactions
Registration and renewal of Ejari contracts topped the list of digital services last year
Dubai Nuclear Energy Committee, Awqaf and Minors Affairs Foundation, Dubai Real Estate Institute and Dubai Institute for Human Resource Development fall under the ambit of the new laws
This year’s edition of Cityscape was co-created with regional real estate industry stakeholders