Media ININ Economy We Trust
Dubai 25-09-2019
During its participation in the 18th edition of Cityscape 2019, the Department of Tourism and Commerce Marketing (DTCM) presented a number of applications and services aimed at enhancing transparency in the real estate sector and opening new horizons for investment, in addition to raising awareness about a number of new legislation recently received by Dubai real estate sector
His Excellency Sultan Butti Bin Mejren said that Dubai’s strategic partnership with the current edition of the exhibition reflects our absolute belief in its mission to promote Dubai real estate as a platform to witness the development of the sector from year to year.
This year, Cityscape is gaining increasing attention from all stakeholders including developers, investors, buyers and even representatives of the global media to monitor the positive impact on the sector following a number of new property laws in Dubai.
“We are confident that our wise leadership aims to provide the sector with the ability to cope with the changes and establish more confidence among investors and provide more momentum for the growth of the sector.”
Ibn Majrin said that the department’s platform will be ready to receive the large number of visitors expected to receive abundant information on many new initiatives aimed at making Dubai a global investment center. Quality Participation In order to enrich the experience of visitors and provide all forms of support and assistance to them to make investment decisions based on transparent data on their investments, which guarantees them exceptional benefits and better returns than any other option.
Visitors to the Dubai Land Department stand will be able to view many of its advanced applications and achievements, most notably this year, the ‘Real-time Intelligent Action Screen’ which displays all actions and actions as they happen and according to real estate locations in the regions of Dubai to enhance the level of transparency and confidence in the real estate market. The screen also presents registered leases and their values distributed across the Dubai areas and reveals the lease issues that have been judged.
One of the most important applications presented by the Dubai Land pavilion at the exhibition is “Dubai Rest” platform, the first smart platform of its kind, which provides several services, the most important of which is to enable the user to verify his real estate through fingerprint to verify the circle with this service. Real estate registration systems in the world.
Visitors to Cityscape will be briefed on the Department of Hotel Property’s partial ownership initiative, which enables investors to buy up to half or a quarter of the prefabricated unit instead of buying it in order to encourage investment, support market movement, attract small investors and increase customer happiness.
The services offered by the Department also include the “Smart Assessment” service, which allows the customer to receive ownership on the same day, making this system the first of its kind in the level of smart real estate valuation globally for its reliance on artificial intelligence techniques. Down to the villas then land with the aim of reducing the time spent in the evaluation process from several days to seconds and ensure the accuracy of information and reduce the cost of service.
The pavilion will showcase its e-Mortgage service based on artificial intelligence in cooperation between Dubai Land and banks to reduce the percentage of auditors and reduce the procedures to one step through one window in the bank without referring to the department. Corporate Structure, No Objection Certificate, Open Guarantee Account, and Free Consultancy in order to delight dealers and investors.
Representatives of the Department at the exhibition will introduce visitors to the “Malak” system, which has proven its effectiveness in the governance of the real estate sector to attract dealers from owners of jointly owned real estate who benefited from the new innovations included in it. This system ensures to the target segments important benefits, including achieving justice and transparency and help them deal with Companies based on the management of this type of project to run their property easily and quickly and quickly required.
On the sidelines of the first day of the exhibition, the Dubai Real Estate Institute, the educational arm of Dubai Lands, launched a scientific magazine and real estate books that serve the real estate market as a scientific real estate reference, as well as the launch of the Dubai Center for Real Estate Innovation, which holds brainstorming sessions for various parties of the real estate market, including developers, evaluators and real estate brokers.
The Customer Training Hall at the Customer Happiness Center at the Customer Happiness Center provides partners and customers with information aimed at raising their awareness about the various services provided by the Department, assisting them and training them on the use of smart applications and optimizing their use and facilitating the provision of services to them by providing them with the necessary training. The “Night Auditing” service offered by the Department at Cityscape allows the completion of transactions outside the normal working hours and the customer to receive the audit at any time and accelerate the procedures and issuing certificates immediately
