“Dubai Land” cooperates with “Rich” to launch real estate jackets

The Dubai Land and Property Department has signed a cooperation agreement with the global company “Rich”, which is supported by the National Real Estate Mediators (NAR), with the aim of launching the “Rich Middle East” real estate speed program, which seeks to attract emerging real estate technology companies to the Emirate of Dubai and the Middle East, and enhance the innovation environment in the real estate sector.

According to the agreement, “Dubai Land” will support the program by promoting it through its media channels, communicating with potential investors and partners, and providing the necessary organizational guidelines for startups, in addition to providing data and visions about the real estate market in Dubai, and the department will contribute to facilitating the implementation of experimental programs for these companies within the emirate, which gives them the opportunity to test their innovations within a real work environment.

In turn, “Rich” manages the program and supervises its operation, including the selection of participating startups, and the provision of financing guidance and investment, in addition to providing access to its global network of investors and experts in the real estate technology sector, and “Rich” will establish its regional office in Dubai with the support of “Dubai Land”, which enhances its presence in the region, and contributes to attracting more talents and innovations to the real estate market in The emirate.

“This agreement represents a new step in the (Dubai Lands) march towards enhancing the role of technology and innovation in the real estate sector, in line with the vision of our wise leadership to make Dubai the first destination for real estate investment, and we are continuing our efforts to provide all forms of support to emerging companies in this field, and providing the appropriate environment for its prosperity, which contributes to developing solutions An innovative and sustainable real estate, enhances Dubai’s position at the forefront of the real estate sector worldwide. ”

“Our cooperation with Dubai Lands is a prominent station in achieving this vision in the Middle East.

They added, “We look forward to working together to consolidate Dubai’s position as a global center for real estate innovation, attracting leading solutions, and strengthening a dynamic ecosystem that supports the future of the sector.”

Through this partnership, “Dubai Land” affirms its continuous keenness to adopt the latest technologies and support startups, which contributes to enhancing the competitiveness of the real estate market in Dubai, and consolidating its position as one of the most developed and sustainable real estate markets in the world.

And “Dubai Land” pointed out that the cooperation agreement embodies the efforts of the department aimed at supporting and developing the real estate sector, by attracting an American investment fund specialized in real estate technology to Dubai.

“Rich” is one of the most active international investment funds in this field, as it has implemented more than 300 investments around the world, as well as many strategic partnerships that enhance the leadership of the emirate as a global center for innovation and real estate sustainability, and contribute to achieving comprehensive economic development, as well as in line with the targets of the Dubai Real Estate Sector Strategy 2033 “, which establishes the leadership of the emirate in looking forward to the future of the sector and promoting Its competition at the global level.