Dubai Land Department launches eMart
The Dubai Land Department (LD) has been ranked by the 2013 Doing Business Index as being the fourth best in the world for ease of real estate and property registration. The index, which is published annually by the World Bank, also placed LD as being the best in the Arab world for its services. Twelve months ago LD was placed at number 12 globally by the same index.
Sultan Butti bin Mejren, Director General of LD, said, "The Land Department has moved up eight rankings globally over the past 12 months in the Doing Business Index as a result of its hard work during the past few years to ensure customer satisfaction."
"LD's significant achievements relate to customers being able to quickly and easily complete property transactions. This ranking will greatly influence our operations moving forward," he added.
Over the past few years, LD has focused on expanding its services, simplifying transactions, and moving towards customer-centric on-line activities. It also recently opened a dispute resolution centre to help speedily resolve real estate issues. One improvement it has introduced is a unified mechanism of action which enables a transaction to be completed within 30 minutes or less - a feature that led to its high placement on the index.
Bin Mejren said the classification was consistent with the directions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to raise the level of competitiveness in the emirate in general and to elevate Dubai to the status of being the most attractive city in which to conduct real estate business.
Bin Mejren said in the wake of the report being published, LD had formed a competitiveness team with the aim of getting to the global first place position for ease of property registration on the Doing Business Index.
"I can confirm that we have appointed a special team with the remit of getting the department to the first place position in the next few years," he added.
Dubai Land Department launches eMart
Dubai Land Department (DLD) on Monday launched a new online real estate portal, eMart, for the auction, sale, and rental of properties and a simple and convenient exchange centre for private and public real estate information, that guarantees transparency and credibility in all data, in line with the vision of the Government of Dubai.
With the aim of supporting stakeholders across the real estate industry through the provision of online services and the facilitation of search operations for investors in Dubai, and creating a comprehensive set of globally outstanding options to attract real estate investors, eMart constitutes an ambitious initiative of the Dubai Land Department.
Sultan Butti bin Mejren, Director General of Dubai Land Department, said: "Today, Dubai Land Department has accomplished yet another milestone in pushing the real estate market forward, towards new heights the benefits of which this city will reap in the near future and the longer term. We now have a system that, with complete transparency and full credibility gives tenants, owners, and brokers full operational efficiency and reliability in a way that we have not had before, a way that will help boost the local real estate market significantly."
He added: "The department is now working to develop a comprehensive action plan for the establishment of a real estate climate that is safe and stable and contributes to achieving the objectives of all parties involved in the sector, contributing to the attraction of more foreign investment, thus transforming Dubai into a global real estate destination through the provision of a full range of facilities and services that emphasise transparency and ensure the rights of all parties, working towards the Government of Dubai's transition into a smart government."
Sultan Al Akraf, Director of first registration at Dubai Land Department, pointed out that the launch of operations through eMart "will enhance the attractiveness of real estate investment in Dubai and will have a major role in attracting more investments to the sector because transparency is the most prominent factor in any investment sector, and it is the foundation upon which eMart is built."
eMart enjoys the strong support of the Government of Dubai and the payment online gateway Noqodi. (Wam)
© Emirates 24|7 2013
