Collaborate"Dubai lands" and "Free areas in Ajman" To support real estate investments

Dubai, April 3/ WAM/ The Dubai Land and Property Department, and the Ajman Free Zones Authority signed a joint cooperation note, aiming to facilitate the registration of lands and real estate with free ownership in the name of the establishments registered with the authority.

This comes within the framework of continuous efforts to enhance integration between government agencies in the country.

The memo, which took place in Dubai in the presence of a number of officials of the two sides, was signed for the Dubai Land and Property Department, His Excellency Eng. Marwan Bin Ghalita, Director General, while he represented the Ajman Free Zones Authority, His Excellency Ismail Al -Naqi, Director General of the Authority.

The memorandum aims to set a clear legal and organizational framework that enables companies registered with the Ajman Free Zones Authority to register real estate with their names easily according to flexible procedures and accredited mechanisms, while this step is expected to contribute to enhancing levels of transparency and stimulating investments, while ensuring compliance with legal and administrative controls.

The memorandum also opens new prospects for investors, by establishing a more attractive business environment, which enhances the competitiveness of Dubai and Ajman as leading investment centers in the real estate sector.

His Excellency Eng. Marwan bin Ghalita stressed the importance of the memo in achieving integration between government agencies, pointing to the constant endeavor to develop the real estate market through strategic initiatives that enhance investment and provide a flexible and attractive business environment.

Ibn Ghalita expressed his aspiration through this memo to enhance cooperation with the Ajman Free Zones Authority, in order to support efforts to develop the real estate market and create an attractive investment environment that keeps pace with Dubai’s future vision.

For his part, His Excellency Ismail Al -Naqi stressed the importance of this cooperation, pointing to the commitment of the Free Zones Authority to provide innovative solutions that contribute to facilitating investor procedures and enhancing the investment environment in the country.

This partnership with the Dubai Land and Property Department represents a qualitative shift in enabling companies to expand their real estate investments easily and safely, within an integrated system that supports investor rights and provides them with a competitive business environment.

The memorandum reflects the strategic directions of the UAE towards enhancing economic growth, attracting foreign investment, and supporting integration between various government agencies.

This partnership would contribute to facilitating real estate registration operations and achieving more organizational flexibility, which enhances the state’s position as a global business and investment center.

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