Dubai Land Department Launches Instant Sale Feature for Real Estate Transactions, Allowing Properties to be Purchased in Minutes.
The Dubai Land Department (DLD) has launched a new feature called Instant Sale, which applies to sales of real estate units such as apartments for sale in Dubai Downtown and villas in freehold areas through Real Estate Registration Trustees. This new initiative uses smart evaluation technology to streamline real estate transactions without the need for audits, enhancing the customer experience and simplifying procedures. Customers can now purchase a property in just minutes, saving valuable time.
The introduction of Instant Sale is part of the DLD’s ongoing efforts to incorporate innovative solutions and support the Dubai Economic Agenda D33’s objective of making Dubai the best city in the world to live and work in. By utilizing smart evaluation technology, the DLD aims to improve the real estate sector’s infrastructure and promote the digital ecosystem.
According to Sultan Butti Bin Mejren, the Director-General of DLD, the real estate sector’s exceptional growth and performance can be attributed to wise leadership’s directives and focus on sustainable development. In 2022, annual real estate transactions crossed half a trillion Dirhams for the first time, leading the DLD to further enhance the sector’s infrastructure with innovative initiatives and projects.
The Instant Sale feature enables all parties involved in a real estate transaction to sign contracts at the real estate registration trustee office, ensuring a streamlined process. The smart valuation process confirms prices, and new title deeds are issued within minutes after payment of fees, expected to contribute to the sector’s growth and lead to a record number of sales transactions in the future.
The Dubai real estate market, especially in areas like Dubai Downtown, has been popular among investors for years, thanks to its strong performance and attractive returns. The market has witnessed exceptional growth, and the introduction of this new feature is expected to further enhance the sector’s infrastructure and streamline the property purchase process.
In conclusion, the DLD’s launch of Instant Sale is a significant step towards enhancing the real estate industry in Dubai, particularly for those interested in purchasing apartments for sale in Dubai Downtown. By utilizing smart evaluation technology and simplifying procedures, the DLD aims to improve the customer experience and promote the digital ecosystem. This new initiative is expected to contribute to the sector’s growth and lead to a record number of sales transactions in the future, benefiting customers looking to purchase property in Dubai. The Dubai real estate market is expected to continue its exceptional growth and attract investors from around the world.