The Dubai Land Department (DLD) unveils a new, 'instant sale' feature, and an advanced smart-tech evolution in the real estate world. It eliminates the need for audits and uses smart evaluation to make the transaction proper.
This feature came into the picture for using the innovative solution to achieve the desired goals set by Dubai Economic Agenda D33. This basically makes Dubai stronger and positions it to be the best city in the world, for living, and working. This came into the picture, to keep in line with the mission of empowering the real estate community.
This is a transformational and innovative project that contributes to fulfilling the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE.
The Instant Sale Feature will include probably everything, to make the real estate tasks, seamless. It involves sales operations for real estate units, be it apartments, and villas, tucked in freehold communities through Real Estate Registration Trustees. The aim of this feature is to make the process simplified and improve the customer experience. This will ensure that there is the presence of all the parties, in the real estate trustee’s office for signing the contract. Prices will be confirmed through a smart valuation process. And, within a few minutes, you can expect the completion of fee payment, along with title deed issuance.
Sultan Butti Bin Mejren, DLD Director-General has discussed Dubai's real estate exceptional growth and performance in 2022. This success is attributed to the decision of giving great attention to each property transaction and creating a strong pillar to support it.
His Excellency Sultan Butti Bin Mejren is always keen to enhance the real estate sector, and the infrastructure, with smart, innovative initiatives. And this step has advanced and created a history in the digital ecosystem of real estate in Dubai.
This smart evaluation process will work on artificial intelligence, for evaluating the real estate units. This will contribute to the reduction of the evaluation services to merely 15 seconds. One thing you can assure is the improved quality and efficiency of the services, to keep pace with the future requirement.
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