The Dubai Land Department has launched a new real estate alliance aimed at supporting the “Dubai Real Estate Promotion Strategy”. This initiative comes following the signing of a cooperation memorandum with four prominent real estate developers in the emirate: Danube Properties, Emtiyaz Real Estate Development, MAG Property Development, and Fakhreldin Properties.

This alliance is part of broader efforts to implement the Dubai Real Estate Strategy 2033, which seeks to reinforce Dubai’s position as a global investment destination. The partnership aims to enhance collaboration between the public and private sectors to stimulate economic growth, attract foreign direct investments, and diversify real estate opportunities in line with local and international market demands.

Engineer Murooj Ahmed bin Ghalita, General Director of the Dubai Land Department, emphasized the importance of real estate as a cornerstone of sustainable development in Dubai. He noted that the cooperation with private sector partners is crucial for introducing new investment opportunities, reinforcing the emirate’s appeal as a preferred global destination for living, working, and visiting. He described the memorandum as a significant step in promoting the real estate sector through innovative initiatives that support investors and invigorate the market.

Furthermore, the collaboration is expected to showcase Dubai’s diverse real estate offerings, including residential, commercial, and hospitality projects, as well as specialized ventures in industrial, educational, and technological sectors.

Under the terms of the cooperation memorandum, real estate developers will provide accurate and transparent information about registered projects, including pricing, timelines, and financing options. They will also offer special deals to international investors, such as flexible payment plans and investment incentives, in accordance with the standards set by the Dubai Land Department.

MAG Ali Rashid, Executive Director of the Real Estate Development Sector at the department, stated that this collaboration will enhance investment flows into Dubai’s real estate market, increasing its competitiveness on the global stage. This aligns with the department’s strategic vision for leadership in real estate investment, through strategic partnerships that support the emirate’s journey towards a more prosperous future. The Dubai Land Department is also committed to organizing international events and exhibitions, providing data on real estate opportunities, and launching promotional campaigns via media and social platforms to boost Dubai’s presence in the global real estate market.