The Dubai Land Department (DLD) has now launched a new instant sale feature to purchase a property in minutes using smart technology for transactions without having to process an audit.
The Dubai Land Department's effort to enhance the use of innovative solutions is in line with the goal to achieve the Dubai Economic Agenda D33 to rank Dubai as the best city to live and work in the world.
The new Instant Sale Feature applies to property sales for apartments and villas in freehold areas through Real Estate Registration Trustees. The main purpose is to improve the experience of DLD’s customers by ensuring the presence of all parties at the real estate registration trustee office to sign contracts. Prices are confirmed through the smart valuation process, and this is followed by the completion of payment of fees and the issuance of the new title deed within a few minutes.
This new process came about by Sultan Butti Bin Mejren, General Director of DLD, claiming that the Dubai real estate sector has had a distinguished performance with exceptional growth, and in 2022, annual real estate transactions crossed half a trillion Dirhams for the first time.
This success is attributed to the wise leadership’s directives and great attention to the real estate sector as it is an essential pillar of sustainable development.
He also emphasized DLD’s commitment to enhancing the real estate sector’s infrastructure with innovative initiatives and projects that contribute to advancing the digital ecosystem.
This new initiative will be a strong impetus for the sector to maintain this exceptional growth and achieve an outstanding record in the number of sales transactions during the coming stages.
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