The Dubai Land Department (DLD) has joined forces with the Ajman Free Zones Authority (AFZA) to facilitate freehold ownership access for companies registered within the free zone. This partnership aims to streamline the registration process for real estate transactions, enhancing the ease with which businesses can secure land and property ownership in the region.

The Memorandum of Cooperation was signed by Marwan bin Ghalita, Director-General of the Dubai Land Department, and Ismail Al Naqi, Director-General of the Ajman Free Zones Authority. The event took place in Dubai and was attended by senior officials from both organizations. This collaboration is designed to boost synergy across government bodies, fostering a more integrated approach to real estate regulation.

Under this agreement, a clear legal and regulatory framework will be established, allowing AFZA-registered companies to seamlessly include real estate assets under their corporate structures. This initiative is expected to enhance transparency and stimulate investment, while strictly adhering to legal and administrative protocols.

Marwan bin Ghalita emphasized the importance of strategic advancements in the real estate market, stating that the memorandum represents a significant step towards cultivating an attractive investment ecosystem in alignment with Dubai’s vision for the future. He noted, “This memorandum charts a course for amplified collaboration with AFZA, a synergy that will empower our mission to cultivate the property market.”

Ismail Al Naqi echoed this sentiment, highlighting AFZA’s commitment to innovation and investor support. He remarked that the partnership with DLD signifies a major progress in enabling businesses to grow their real estate investments efficiently within a system that prioritizes investor interests.

This agreement reflects the UAE’s strategic goals of accelerating economic growth, attracting foreign investment, and enhancing government cooperation. By improving real estate registration processes and increasing regulatory flexibility, the alliance aims to strengthen the UAE’s position as a leading global business and investment hub.