DLD to enhance innovation and sustainability in the realty sector

The event aligns with DLD’s commitment to achieving the ambitious goals of the Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33

 In its ongoing efforts to foster innovation within the real estate sector and establish regulations that promote growth and sustainability, Dubai Land Department (DLD) organised the Real Estate Policy Lab.

This initiative seeks to discuss and refine four key sector policies: the Real Estate Alliances Policy, the Resilience and Sustainability Policy, the Real Estate Reputation Policy, and the Data Sharing and Publication Policy. These policies are strategically aligned with DLD’s mission to meet the Real Estate Sector Strategy 2033’s ambitious objectives and Dubai Economic Agenda D33.

The event was held at DLD’s headquarters and attended by Eng Marwan Ahmed bin Ghalita, Director General of DLD, who expressed his gratitude to all participants and highlighted the importance of such initiatives in charting a roadmap for governance and sustainable development within Dubai’s real estate sector.

The event began with an overview of the four policies presented by Dr Mahmoud Al Burai, Director of the Real Estate Policies and Innovation Department.

He outlined each policy’s significance and primary objectives, underscoring their role in empowering Dubai’s real estate sector and advancing comprehensive, sustainable development.

The event also saw the participation of several DLD CEOs and Directors, along with over 100 representatives from real estate development, brokerage, management companies, and other sector stakeholders.

Dr Al Burai began by introducing the ‘Real Estate Alliances Policy,’ which focuses on strengthening strategic partnerships and collaboration with various stakeholders in the real estate sector. This policy aims to enhance Dubai’s real estate market’s appeal and competitiveness, fostering comprehensive development in alignment with the emirate’s vision.

He then presented the ‘Resilience and Sustainability Policy,’ designed to improve the sector’s adaptability to economic, environmental, and social changes, ensuring a flexible response to challenges, crises, and emergencies. This policy highlights the importance of sustainable practices and the implementation of high-quality building standards across real estate projects.

Dr. Al Burai further emphasised the “Real Estate Reputation Policy,” which seeks to establish Dubai as a premier real estate destination by enhancing market appeal and competitiveness through collaboration with key strategic partners.

He concluded with the “Data Sharing and Dissemination Policy,” aimed at bolstering transparency and security in data exchange between the Dubai Land Department and its partners. This policy aligns with Dubai’s data sharing and publication regulations and encourages innovation in using and transferring real estate data.

The event also featured a presentation by Dr. Abdulaziz Istitiyeh, Senior Economic Advisor at the General Secretariat of the Executive Council of Dubai, who provided insights into the strategies and methodologies for policy design within the Dubai government.

Additionally, the event hosted several real estate experts in brainstorming sessions focused on drafting the four key policies, discussing implementation mechanisms, and exploring the private sector’s role in this process.

The experts contributed a wealth of insights, ideas, and solutions to advance these real estate policies.

At the close of the event, the participating real estate experts were honored for their valuable contributions, and the ‘Emirates Falcons Volunteer Team’ was recognised for their significant support in making the event a success.

Through initiatives like these, Dubai Land Department reaffirms its commitment to developing integrated policies and regulations that foster the sustainability and growth of the real estate sector, solidifying Dubai’s position as a premier global destination for real estate investment.

Meanwhile in line with the wise leadership’s vision and the country’s strategic directions in promoting digital transformation and innovation, Dubai Land Department (DLD) has signed a Memorandum of Cooperation with Keyper Holdings, one of the companies under the REES real estate innovation initiative aimed at improving property management through advanced digital solutions. These solutions will enhance efficiency, simplify processes, and embed innovation in the real estate sector.

The agreement was signed by Majid Al Marri, CEO of the Real Estate Registration Sector at Dubai Land Department, and Omar Abu Innab, Co-Founder and CEO of Keyper Holdings Ltd, on the sidelines of the DLD’s participation in the Gitex Global 2024 event.

This partnership offers integrated solutions that enhance transparency and efficiency in property management, providing tenants and landlords with easy access to accurate information. This will help reduce disputes and support informed decision-making.

It will also focus on facilitating communication between landlords, tenants, and property management companies through digital platforms, ensuring quick responses and efficient information exchange. Additionally, the partnership will leverage data analytics to better understand market needs, guiding real estate investment and development strategies more effectively.

The collaboration also aims to adopt technological solutions that improve resource consumption, supporting global sustainability efforts. Furthermore, it includes training programs for DLD employees to make effective use of digital solutions and enhance their skills in handling modern technology.

Under the memorandum, Dubai Land Department will work on enhancing digital integration and linking Keyper’s services with its platforms to improve the user experience and simplify real estate processes.