By Staff Reporter
The Dubai Land Department (DLD) has signed a strategic memorandum of cooperation with Emirates NBD, one of the region’s leading banking groups, to accelerate real estate innovation and improve transaction efficiency across the sector.
The move marks a significant step in enhancing investor confidence and customer experience in Dubai’s property market.
Under this collaboration, both entities will undertake two major joint studies to streamline real estate transactions. The first study will focus on optimising the registration process for real estate transactions conducted outside the UAE, while the second will explore financial services that simplify local real estate sales registrations.
His Excellency Omar Hamad BuShehab, Director General of the Dubai Land Department, stated:
“We are continuously working to develop innovative solutions that place the customer at the centre of the real estate ecosystem. This partnership opens new horizons for advancing registration services and reinforces Dubai’s position as a global destination for real estate investment.”
The agreement reflects Dubai’s vision to modernise regulatory frameworks and promote transparency in property dealings, aligning with the Dubai Real Estate Strategy 2033, which seeks to build a resilient and competitive real estate sector powered by innovation and digital transformation.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, added:
“This partnership reflects our commitment to innovation and delivering customer-focused solutions. Integrated offerings from this collaboration will improve the property transaction journey and foster stronger investor confidence.”
The partnership also supports the broader objectives of the Dubai Economic Agenda D33, aimed at positioning Dubai among the world’s top three global cities. By introducing seamless procedures and banking solutions, the initiative will help attract international investors, simplify cross-border property registration, and advance the emirate’s reputation as a premier real estate hub.
Beyond improving services for current investors, the partnership sets a new model for government-financial sector collaboration, supporting Dubai’s long-term goals of digital excellence, sustainability, and continued global competitiveness.
News Source: Dubai Media Office
