"Dubai lands" More than 4,000 real estate activities are recorded in the first half

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"Dubai lands" More than 4,000 real estate activities are recorded in the first half

Dubai, August 10 / WAM / The real estate market in Dubai witnessed a remarkable activity during the first half of this year, with 4,049 real estate activities in the sector, according to the data of the Land and Property Department in Dubai, in a clear indication of the growth of the emirate’s attractiveness to investment, and the diversity of opportunities available to investors and real estate service providers.
This growth is supported by an advanced organizational structure that facilitates the practice of real estate activities and enhances transparency. Among the most prominent of these systems is a “licensing system” of the Dubai Land and Property Department, which is the official platform for registering and activating a set of basic real estate activities.
Registration in a “licensing” system is required to activate a number of types of real estate licenses, which include: mediation in the sale and purchase of real estate, the mediation in leasing, real estate administrative supervision services, valuation services, the purchase and sale of lands and real estate, real estate management with joint ownership, real estate consultations, mediation in mortgage, and mortgage consultations.
Pre -approval from a “licensing” system is also required to issue some other types of real estate licenses, such as: real estate development license, rental and management services for private and for others, in addition to the activities of real estate services trustees and real estate promotional secretaries.
The mediation services in the sale of real estate and their purchase topped the list of real estate activities by 2,301 activities, followed by the mediation in the rental of real estate with 1,279 activities, which confirms the widening network of real estate brokers and their pivotal role in meeting the needs of the tenants and owners alike, and in the same context, the activation of 273 activities to buy and sell lands and real estate were recorded.
Other activities came as follows: real estate administrative supervision services (43 activities), a mortgage mediator (43 activities), real estate consultations (40 activities), real estate rental and management services, whether private or for others (24 and 9 activities), respectively, real estate value (14 activity), joint ownership management services (9 activities), real estate development (11 activities), consultations Mortgage (3 activities).
These activities are embodied by professional diversity in the market, and the extent of the department’s keenness to provide a flexible environment that keeps pace with the needs of investors and dealers in various fields of the real estate sector, in a way that enhances competitiveness and is in line with the requirements of population and economic growth in the emirate.
This data is also a direct reflection of the ease of procedures adopted by the Dubai Land and Property Department, through an integrated digital system that enables customers to issue and renew activities smoothly.

This comes within the department’s commitment to consolidating the investment environment and stimulating innovation in the real estate sector, in line with the targets of the “Dubai Real Estate Sector Strategy 2033”, aimed at enhancing the emirate’s attractiveness as a global real estate destination, and providing a flexible and safe business environment that contributes to the sustainability of economic growth and diversity.