Buy Dubai Property in Minutes Now!

Imagine being able to buy your dream property in Dubai in just minutes instead of waiting for days. Thanks to a new and exciting initiative by the Dubai Land Department (DLD) and the city’s top seven developers, this is now possible. This fresh approach is set to change the game, making the property buying process quicker and smoother than ever.

Details of the Agreement

This enhancement stems from a recent agreement between the DLD and top developers in the emirate, which grants them access to the department’s registration system, thereby streamlining all real estate transactions. This partnership is not merely about expedited processes but aims to empower developers and simplify the property acquisition experience for all parties involved.

Authorized Developers

Under this initiative, the DLD has granted full authorization to the seven developers, enabling them to manage and verify all property transactions for both developers and investors through the newly established system. The developers included are:

• Emaar Properties
• Damac
• Binghatti Properties
• Aldar Properties
• Sobha Realty
• Azizi Developments
• Danube Properties

These companies are leading providers of new properties and off-plan units in the market. Their significant influence on the market is evident from recent performance metrics:

Market Performance Metrics

• Emaar Properties: Dominated the off-plan market in July with a 23% market share, recording 2,077 transactions across various projects.
• Danube Properties: Achieved a 6.9% share, with notable sales at Bayz 101 in Business Bay, Sportz in Dubai Sports City, and Diamondz in JLT Embankment.
• Sobha Group: Secured third place with a 6.5% share, as reported by Property Monitor.
• ValuStrat Report: Recognized Emaar, Damac, Danube, and Nakheel as top performers in developer sales last month.

Upcoming Deliveries

Dubai saw the completion of 12,900 apartments and 3,925 villas in the first half of 2024, with an additional 20,000 apartments and 5,000 villas anticipated by the end of the year.

Statement from the DLD

Majid Al Marri, CEO of the Real Estate Registration Sector at the Dubai Land Department, emphasized that this agreement will "provide greater protection for investor rights, streamline procedures, and enhance transparency in the real estate sector." He also noted that the DLD will offer training and technical support to developers’ staff to ensure optimal utilization of the system while continuing to monitor transaction quality and verify records for accuracy.

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