Move to deliver innovative customer financialsSolutions
Dubai Land Department has signed a memorandum of cooperation with Emirates NBD to establish a joint framework for conducting regulatory and technical studies.
The partnership aims to develop streamlined mechanisms for real estate transaction registration and enhance the efficiency of the broader real estate ecosystem.
It will focus on delivering innovative financial solutions that prioritise customer experience and support investors throughout their property journey, according to a press note.
Under this partnership, both parties will collaborate on two forward-looking studies addressing procedural and regulatory aspects.
Registration process
The first study will focus on optimizing the registration process for real estate transactions concluded outside the UAE, while the second will focus on offering financial services that simplify the registration of real estate sales transactions.
This strategic collaboration supports Dubai’s efforts to attract international investors by enhancing trust, simplifying processes, and reinforcing confidence in the emirate’s dynamic real estate sector.
“This partnership marks a significant step toward establishing a shared knowledge base that opens up new horizons for advancing real estate registration services, thereby further strengthening Dubai’s position as a global destination for real estate investment,” asserted Omar Hamad BuShehab, Director General, Dubai Land Department.
Milestone
“This partnership with Dubai Land Department represents a significant milestone in our commitment to innovation and delivering customer-focused solutions,” commented Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, Emirates NBD.
The partnership serves as an effective model of integration between government entities and financial institutions, supporting Dubai’s efforts to build a real estate ecosystem capable of adapting to future shifts in the business environment.
