The Dubai Land Department (DLD) and the Ajman Free Zones Authority (AFZA) have entered into a joint Memorandum of Cooperation aimed at facilitating pathways for companies registered in AFZA to obtain freehold ownership of land and property. This partnership seeks to simplify the registration process and improve coordination between government bodies.

The agreement was signed in Dubai by Marwan bin Ghalita, the Director-General of the Dubai Land Department, and Ismail Al Naqi, the Director-General of the Ajman Free Zones Authority. Senior representatives from both entities were present at the signing ceremony, underscoring the collaboration’s significance.

The Memorandum is designed to create a clear legal and regulatory framework that allows AFZA-registered companies to easily incorporate real estate assets into their operations. This initiative is expected to enhance transparency and stimulate investment while ensuring compliance with legal and administrative protocols.

The collaborative effort aims to increase the attractiveness and competitiveness of both Dubai and Ajman as leading destinations in the real estate sector.

Marwan bin Ghalita stated that the partnership reflects a commitment to the evolution of the real estate market through strategic initiatives designed to encourage investment and nurture a robust commercial sector. He emphasized that this memorandum outlines a path for enhanced cooperation with AFZA, which is vital for developing the property market and creating a favorable investment environment in line with Dubai’s progressive vision.

Ismail Al Naqi remarked that AFZA is dedicated to introducing innovative solutions that enhance the investor experience, thereby boosting the UAE’s investment appeal. He noted that this collaboration with DLD marks a significant advancement in enabling businesses to confidently and efficiently expand their real estate investments within a supportive and integrated system.

This agreement aligns with the UAE’s strategic goals of accelerating economic growth, attracting foreign investment, and promoting integrated government action. It is anticipated that the partnership will streamline real estate registration processes and foster greater regulatory flexibility, ultimately strengthening the UAE’s status as a prominent global business and investment hub.