Media ININ Economy We Trust
Dubai 03-09-2019
His Excellency Sultan Butti Bin Mejren, Director General of Dubai Land Department, said that the formation of the Higher Committee for Real Estate Planning reflects the wise vision of our wise leadership to increase the level of competitiveness of the real estate sector as a whole and confirm its attractiveness as a main driving force in Dubai’s economic process.
He added in a statement today that the formation of the committee will be a practical translation to generate exceptional and innovative ideas and develop quality projects to push our economy towards new horizons as well as the importance of controlling the rhythm of real estate projects to achieve added value to the national economy.
He pointed out that the real estate development industry has witnessed important developments over the past decade, most notably the return of the market to the real engines in its growth and the continuous modernization of the real estate legislative structure that has yielded solid confidence among foreign investors, which maintained its momentum and sustained growth, stressing that the major real estate developers are pushing the construction market with new projects. The quality serves the urban identity of the city and enhances the performance of the real estate market.
We will work in the Real Estate Regulatory Commission to assess the current situation of the real estate sector at all levels and categories in the Emirate of Dubai and study the needs of the market in addition to assessing all future real estate projects and develop an integrated plan for the real estate sector to regulate and control the pace of work on projects as well as to achieve a balance between supply and demand in the sector And directing real estate developers to develop new and innovative projects focusing on type, not quantity.
