DLD supports government directives to highlight Dubai’s position and place it among the leading and most distinguished investment destinations
Dubai, UAE, 21 September 2019: As part of its efforts to strengthen Dubai’s position, and place it among the leading and most distinguished investment destinations, Dubai Land Department (DLD) entered a strategic partnership with the current edition of Cityscape Global 2019 that will take place 25 – 27 September at the Dubai World Trade Centre under the theme ‘Adapting to Change: Charting a Course in an Era of Transformation.’ During this prestigious global event, DLD is well prepared to receive visitors at its stand H1A10 in hall 1.
HE Sultan Butti bin Mejren, Director General of DLD, said: “Our strategic partnership with this exhibition aims to support the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to provide transparency and the smart promotion of the real estate sector, which is a fundamental pillar of various economic sectors and a true reflection of the Emirate's prosperity across all fields. The global event will provide us with the ideal opportunity to meet investors, developers, government officials, and real estate professionals as well as answer their enquiries regarding our latest smart and innovative initiatives, applications, and solutions that we developed over the past year.”
Previous reports reveal that Dubai’s real estate sector progressed in global competitiveness indicators. In the ease of doing business index, the UAE delivered outstanding results by ranking 11th globally, having advanced ten ranks among 190 countries. This result is represented by Dubai as the largest business city and a result of improvements in a number of sectors, most prominently of which the real estate sector, represented by the real estate registration index, which advanced three ranks in 2019 and ranked seventh globally.
Bin Mejren stressed DLD’s keenness and ongoing support of local and global exhibitions that promise an ideal opportunity to promote the benefits and facilities made available to global investors visiting Dubai, and added: “Our participation, which is in line with our vision to position Dubai as the world’s premier real estate destination and a byword for innovation, trust, and happiness, is critical to emphasising our multi-tasking role and responsibilities. We will be supportive of all promotional activities presented in the exhibition and of our developers to reach their customers who are looking for the best investment options. Our stand will be the perfect haven for all segments that are willing to learn about the laws, regulations, and legislation that protect their interests.”
Through its stand, DLD will showcase many of its initiatives that reflect its support of the Higher Committee for Real Estate Planning — announced earlier in September — clarify laws and regulations that had launched successively over the past years to spread reassurance among parties, and attract additional foreign direct investments into the sector, the most recent being the full ownership of projects and companies, granting ten-year long-term visas to investors, reducing and cancelling fees on many government services, and the impact of such initiatives on the vitality of the real estate sector and the ease of doing business.
As part of DLD’s keenness to support the Dubai 10X initiative that aims to develop government work in Dubai and rank it first globally, DLD will showcase the project services of the Dubai Real Estate Self Transaction (REST) platform that is expected to be fully completed in Q1 2020 to provide its many services to all its customers.
As part of its tireless efforts to improve its services, DLD focused on providing a range of services from a one-stop-shop in the previous phase, most prominent of which are mortgage and rents. This, of course, helps complete real estate transactions remotely and at any time.
Cityscape Global is one of the leading platforms in the international real estate market that will be attended by experts who will exchange ideas and shed light on the most important real estate developments and investment opportunities. It will also create many networking opportunities while contributing to the development of participants’ skills through workshops and seminars, providing them with additional information about trends and investment opportunities available on the market.