Media ININ Economy We Trust
Dubai
Majid Saqr Al Marri, Executive Director of the Real Estate Registration Sector at the Dubai Land Department, revealed that the new rental law in the emirate will be issued soon during the year 2023. and health. The issuance of the law will also be followed by updating the rental price index.
Al-Marri confirmed, in exclusive statements to Al-Khaleej, that work is currently underway to complete a project to link building classification data with the new rental index, in an important step that would achieve the required balance in the vital real estate sector. Dubai Land Department had recently completed surveying and classifying 150,000 properties, including lands and buildings.
Dubai: Melhem Al-Zubaidi
Majid Saqr Al Marri, Executive Director of the Real Estate Registration Sector at the Dubai Land Department, revealed that the new rental law in the emirate will be issued soon during the year 2023. and health. The issuance of the law will also be followed by updating the rental price index.
Al-Marri confirmed, in exclusive statements to Al-Khaleej, that work is currently underway to complete a project to link building classification data with the new rental index, in an important step that would achieve the required balance in the vital real estate sector. Dubai Land Department had recently completed surveying and classifying 150,000 properties, including lands and buildings
These statements came on the sidelines of the launch of the activities of the 19th session of the International Real Estate Exhibition, which will be held at the World Trade Center in Dubai, from February 12 to 14, with the participation of 120 companies from 40 countries.
He added, “Digital development in Dubai has contributed to facilitating and providing all the services provided by the department to its customers anywhere in the world, through the remote communication feature, and the completion and development of real estate transactions via video. To be integrated with the electronic signature and digital identity.
He said: «These combined efforts come in implementation of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, and the ambitious strategic goals set by His Highness in the Dubai Economic Agenda for the next ten years (D33), foremost of which is the doubling of The size of Dubai’s economy, making it among the 3 largest economic cities in the world.
The Executive Director of the Real Estate Registration Sector in Dubai Land Department confirmed that the department is working in the year 2023 to develop more services, formulate projects and initiatives, push the role of the department to be greater by integrating artificial intelligence technologies in our various departments and services, and strengthening partnerships with the private sector in various related fields. in the real estate industry, and raising the level of the supervisory and legislative role.
Dawoud Al-Shezawi, President of the International Real Estate Exhibition, said: “The organization of the exhibition coincides with the launch of the Dubai Economic Agenda D33, and is in line with the sustainable development strategy pursued by the emirate, in which the real estate market accounts for more than 9% of its gross domestic product. Promising investment opportunities, following the great recovery witnessed by the real estate sector last year.
The event witnessed major and subsidiary developers presenting a package of investment opportunities in front of a large base of property seekers, and displaying various projects from participating countries such as the United States of America, Pakistan, the Philippines, Georgia, Colombia and others, to give an opportunity to compare offers and encourage investment in projects that are diverse and suit the needs of Residents or international visitors wishing to invest in real estate.
Participants said: “The exhibition, in its 19th session, starts with new and different ideas, and coincides with the support of the state and leadership for this vital and important sector, and one of the most important tributaries of the national economy, pointing out that the exhibition aims to provide space for the government and private sectors; To share their aspirations in the field of real estate development and real estate brokerage, through discussion sessions with various officials and real estate stakeholders, discuss challenges and obstacles, and come up with recommendations that support the real estate sector.
