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Dubai Real Estate: Purchase Your Dream Property in Minutes, Not Days | Inchbrick

Dubai Land Department has agreed with the emirate's top seven developers, granting them access to its registration system for managing all real estate transactions | Inchbrick Realty.<br>

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Dubai Real Estate: Purchase Your Dream Property in Minutes, Not Days | Inchbrick

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  1. Dubai: Now, buy property in minutes, not days. Buying property in Dubai is set to become smoother and faster, with registration times now being reduced from days to just minutes. This significant enhancement follows an agreement between the Dubai Land Department (DLD) and seven of the emirate's top developers in Dubai, allowing them to use DLD’s registration system to manage all real estate transactions. This strategic move empowers developers and significantly boosts the capacity for property registrations. The DLD has granted full permission to these developers to utilize its systems for registering and auditing all real estate transactions on behalf of both developers and investors. The seven developers involved include Emaar Properties, Damac, Binghatti Properties, Aldar Properties, Sobha Realty, Azizi Developments, and Danube Properties. These companies are the largest suppliers of new launch properties in Dubai, as well as off-plan projects in Dubai units. In July, Emaar Properties led the off-plan market, holding a dominant 23 percent share with 2,077 transactions across various projects. Danube Properties followed closely with a 6.9 percent market share, with Bayz 101 in Business Bay leading their sales at 262 transactions. Sportz in Dubai Sports City and Diamondz in JLT Embankment were also key performers, recording 155 and 94 sales, respectively. Sobha Group secured the third position with a 6.5 percent market share, according to Property Monitor. Real estate consultancy Inchbrick highlighted that Emaar (20.3 percent), Damac (7.2 percent), Danube (5.2 percent), and Nakheel (4.8 percent) topped the developer sales charts last month. Dubai witnessed the delivery of 12,900 apartments in Dubai and 3,925 villas in Dubai in the first half of 2024, with an additional 20,000 apartments and 5,000 villas expected to be handed over by the end of the year. Majid Al Marri, CEO of the Real Estate Registration Sector at Dubai Land Department, stated that this agreement will offer greater protection for investor rights, streamline procedures, and ensure transparency in the sector. We will also provide the necessary training and technical support to the employees of these companies to operate the system effectively. Additionally, we will maintain the quality of transactions registered by these companies and evaluate the accuracy of their records,” he added. The Dubai Land Department emphasized that it will enhance its supervision and regulation by closely monitoring all transactions.

  2. For those interested in buying property in Dubai or exploring new launch properties in Dubai, Inchbrick Realty stands ready to assist with expert guidance and exclusive access to the latest market offerings.

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