Tag Archives: Dubai Land Department

Real Estate

Danube Properties Becomes One of the First Real Estate Developers To Process On-Site Initial Sale Contract

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Danube Properties and Dubai Land Department sign an agreement to offer instant onsite Initial Sale Contract (Oqood) to customers

Danube Properties becomes one of the first real estate developers to process on-site Initial Sale Contract instantly

Date: Dubai, UAE, May 24, 2023

In a historic development, Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic private real estate developers, today signed a landmark agreement with Dubai Land Department to deliver on-site Initial Sale Contract (Oqood) almost instantly.

Once the necessary processes are completed, Oqood will be delivered instantly to Danube property buyers as compared to a longer standard process – saving time, hassle, and steps for investors – offering the highest level of customer happiness. 

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Real Estate

Summary of weekly real estate transactions for the week ending 12 May 2023.

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Dubai: The real estate and properties transactions valued at AED 9.4 billion in total during the week ending 12 May 2023. The sum of transactions was 3,112.  170 plots were sold for AED 1.89 billion, 2,261 apartments and villas were sold for AED 5.34 billion.  The top three transactions were a land in Al Safouh Second sold for AED 300 million, followed by a land that was sold for AED 148.25 million in Saih Shuaib 4, and a land sold for AED 128 million in Island 2 in third place.

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Real Estate

Dubai Land Department launches ‘Real Estate Innovation Incubator’ initiative to attract emerging international companies

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Dubai Land Department launches ‘Real Estate Innovation Incubator’ initiative to attract emerging international companies

  • In line with the Dubai Economic Agenda D33 and the promotion of new products and technologies.
  • The project aims to attract emerging global companies in real estate innovation and build the capacities and skills of individuals and local companies in the sector.
  • Enhancing confidence in Dubai’s real estate sector by providing a distinctive investment environment, good governance of the real estate system, and incubating controls for real estate innovation
  • Majida Ali Rashid: “We seek to create a roadmap for sustainable development in the sector. This project will be an important step in making Dubai a hub for incubating innovations.
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Real Estate

Dubai Land Department provides ‘Madmoun’ service to verify validity of real estate ads via QR codes

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Dubai Land Department provides ‘Madmoun’ service to verify validity of real estate ads via QR codes

  • Marwan Bin Ghalita: The service aligns with DLD’s strategy to make Dubai ‘The World leader in Real Estate Investments’ by harnessing technology to develop real estate products.
  • The new service will be initiated and become a requirement as of 24 April 2023
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