“Dubai Land” records 4049 real estate activities in the first half

The real estate market in Dubai witnessed a remarkable activity during the first half of this year, with 4049 real estate activities in the sector, according to the data of the Land and Property Department in Dubai, in a clear indication of the growing attractiveness of the emirate for investment, and the diversity of opportunities for 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, and 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 “licenses” 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: the 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.

According to «Dubai Land», brokerage services in the sale and purchase of real estate activities have topped the real estate activities of 2301 activities, followed by mediation in real estate rental with 1279 activities, which confirms the widening network of real estate brokers and their pivotal role in meeting the needs of tenants and owners alike, in the record of activating 273 activities to buy and sell lands and real estate.

Other activities came as follows: the administrative supervision services for real estate (43 activities), a mortgage mediator (43 activities), real estate consultations (40 activities), real estate rental and management services, whether private or for others (24 activities, nine activities respectively), real estate value (14 activities), joint property management services (nine activities), real estate development (11 activities), mortgage consultations Real Estate (three 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 “Dubai Land”, through an integrated digital system that enables dealers to issue and renew activities smoothly, and this comes within the department’s commitment to consolidate the investment environment and stimulate innovation in the real estate sector, in line with the targets of the Dubai Real Estate Sector Strategy 2033 “, aimed at enhancing the attractiveness of the emirate. Universal, and providing a flexible and safe business environment that contributes to the sustainability of economic growth and diversity.