Dubai Takes a Step Forward in Real Estate

The Dubai Land Department (DLD) has launched a new Instant Sale feature that allows property purchase in just a few minutes. The Instant Sale feature utilises smart evaluation technology in real estate transactions without the need for audits. This move is in line with DLD’s efforts to enhance the use of innovative solutions and achieve the goal of the Dubai Economic Agenda D33 to position Dubai as the best city in the world to live and work.

Efficient Real Estate Transactions

The Instant Sale Feature applies to sales operations for real estate units, including apartments and villas, located in freehold areas through Real Estate Registration Trustees. Its aim is to streamline procedures and 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.

Distinguished Performance of Dubai’s Real Estate Sector

Sultan Butti Bin Mejren, the Director-General of DLD, noted that the Dubai real estate sector has had a distinguished performance with exceptional growth. 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 emphasised DLD’s commitment to enhancing the real estate sector’s infrastructure with innovative initiatives and projects that contribute to advancing the digital ecosystem.

A Strong Impetus to the Sector

This new initiative will be a strong impetus to the sector to maintain this exceptional growth and achieve an outstanding record in the number of sales transactions during the coming stages. The Instant Sale feature will be a game-changer for real estate transactions, making the process faster, more efficient, and convenient for buyers and sellers alike.

N7 Admires the Progress Dubai is Making

In summary, the Instant Sale feature launched by the Dubai Land Department is an innovative solution that aims to enhance the real estate sector's infrastructure and contribute to advancing the digital ecosystem. This new initiative is a testament to the wise leadership's commitment to sustainable development and the enhancement of the real estate sector's growth. With this new feature, N7 Real Estate clients can experience even greater efficiency and convenience when buying or selling a property in Dubai. As an organization delivering luxury and comfort in every step of the real estate process, N7 Real Estate is excited to see how this feature will help Dubai maintain its exceptional growth in the real estate sector and achieve outstanding sales transactions records.