The Dubai Land Department (DLD) has signed a memorandum of cooperation with Emirates NBD, a major banking group in the Middle East, North Africa and Turkey (MENAT) region.
The agreement sets out a joint framework for regulatory and technical studies aimed at improving real estate transaction registration processes and strengthening the overall efficiency of the sector.
The partnership includes two studies.
The first will explore ways to optimise the registration process for real estate transactions completed outside the UAE.
The second will focus on the development of financial services that can support the registration of real estate sales.
These efforts are intended to improve customer experience and provide better support for investors throughout their property transactions.
Omar Hamad BuShehab, Director General of the Dubai Land Department, said:
“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. These efforts also align with the objectives of the Dubai Real Estate Strategy 2033, which aims to build a resilient, competitive, and innovation-driven sector that reflects the emirate’s status as a global leader in real estate.”
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, said:
“Integrated offerings under this collaboration will help enhance the property transaction experience while building greater confidence among market participants, including investors, ensuring Dubai maintains its leadership position in the global real estate sector.”
The initiative is in line with the objectives of the D33 Economic Agenda, which aims to position Dubai among the world’s top three economic cities.
It also reflects ongoing efforts to make the real estate market more attractive to international investors by providing a supportive regulatory framework, encouraging sustainable growth, and improving service delivery.
Featured image credit: Dubai Land Department
