Dubai Land Department (DLD) said it has signed a landmark agreement with the National Association of Realtors (NAR) to help boost mutual cooperation and enhance the expertise of real estate service providers in Dubai to ensure the best services for investors.
The MoU is a part of Dubai’s efforts of providing an advanced real estate environment that consolidates its position on the global map and meets the growing investment demands in the emirate, said a statement from DLD.
Dubai Land Department (DLD) was founded in May 1960 to establish the most prominent real estate sector at regional and international levels. It handles all matters of legalization for sale and purchase of land; and approves, organizes, and documents real estate trading operations in Dubai.
Among the most important terms of the agreement are exchanging experiences, as well as increasing real estate knowledge, qualifying and continuing education for brokers, and co-ordinating cooperation between real estate brokers in Dubai and US to strengthen relations and provide real estate opportunities, it stated.
The deal was signed by Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector in DLD, and Leslie Rouda Smith, the President of NAR, at the 2022 edition of the International Property Show (IPS 2022).
The International Property Show (IPS Dubai 2022) is an exhibition and conference dedicated to the Real Estate and Property Industry, introducing real estate investment opportunities and the latest developments in the real estate and property industry presented by Real Estate Developers, Local Property Development Companies, Financial Institutions, Economic Development Authorities, Architects and Interior Designing Companies, Real Estate brokers, Urban Planning Companies, Engineering and Consultancy Companies, Environmental Technologies for Green Buildings and Information Technology Providers.
To keep pace with the needs of the real estate market in the emirate, IPS 2022 is committed to providing leading real estate education and training, in accordance with international standards, by strengthening partnerships between various stakeholders in the real estate sector and bringing the best global practices to the region.
NAR has expressed its delight at signing the MoU with DLD during IPS 2022, which established itself as a leading international platform, not only for real estate transactions but also for training and qualifying real estate experts, which ultimately serves the interest of the real estate sector as a whole.
In January 2022, Property Finder signed a memorandum of understanding (MoU) with the Dubai Land Department (DLD) to accelerate the city’s growth to become one of the world’s most transparent real estate markets.
DLD provided its data to Property Finder, with the aim of further strengthening Dubai’s position in the Global Real Estate Transparency Index.
