Abu Dhabi Global Market has introduced the “Virtual Sell and Purchase,” an innovative service designed to simplify real estate transactions. This first-of-its-kind platform allows buyers, sellers, and banks to complete multiple steps of property transactions virtually, enhancing the overall process.

The new service combines three essential procedures into a single digital platform: the discharge of mortgage, registering a property transfer, and registering a mortgage. By bringing all involved parties together on a secure online platform, the Virtual Sell and Purchase service aims to provide a smoother and more efficient customer experience.

This service features a groundbreaking virtual presence capability, enabling all parties to conduct their parts of the transaction remotely. This advancement in digital innovation reduces the need for physical meetings and document exchanges, thus cutting down processing times while ensuring the highest standards of security and compliance.

The launch of the Virtual Sell and Purchase service is facilitated through ADGM’s cutting-edge digital property platform, AccessRP, developed in collaboration with ADGM’s strategic partner, ADRES. AccessRP offers a wide range of real estate transaction services, from buying and selling to off-plan development and mortgage services, thus providing comprehensive solutions for developers, owners, and investors.

Hamad Sayah Al Mazrouei, CEO of the Registration Authority of ADGM, commented that the service represents a significant milestone in improving the ease of doing business and enhancing customer experience in the real estate sector. He emphasized that this initiative is not only about making services faster and simpler but also about redefining the real estate journey in today’s digital economy.