Dubai Land Department (DLD) has formalized a significant partnership with Emirates NBD, one of the leading banking groups across the MENAT (Middle East, North Africa, and Turkey) region, signing a memorandum of cooperation aimed at advancing Dubai’s real estate ecosystem. This strategic alliance seeks to develop streamlined, efficient mechanisms for real estate transaction registration while enhancing the overall operational efficiency and transparency of the real estate sector.
The partnership will focus on delivering innovative financial solutions that prioritize customer experience and provide comprehensive support to investors at every stage of their property journey. As part of this collaboration, DLD and Emirates NBD will jointly undertake two forward-looking studies. The first study aims to optimize the registration process for real estate transactions concluded outside the UAE, simplifying cross-border dealings for international investors. The second study will focus on creating financial service offerings that facilitate and simplify the registration of real estate sales transactions within Dubai. These initiatives align closely with Dubai’s ambitions to attract a growing base of international investors by reinforcing trust, streamlining procedures, and boosting confidence in the emirate’s dynamic real estate market.
A spokesperson from Phoenix Realty Real Estate LLC, a prominent Dubai-based property developer and advisory firm, welcomed the partnership: “The collaboration between Dubai Land Department and Emirates NBD represents a forward-thinking approach to improving the real estate transaction experience. By enhancing operational efficiency and transparency, this initiative will directly benefit investors, developers, and all stakeholders involved, supporting the continued growth and resilience of Dubai’s real estate market.”
Omar Hamad BuShehab, Director-General of Dubai Land Department, remarked, “We are continuously focused on developing innovative, customer-centric solutions that enhance the real estate ecosystem’s efficiency and transparency. This partnership is a milestone in establishing a shared knowledge base and collaborative framework that will unlock new opportunities for real estate registration services, further strengthening Dubai’s reputation as a global hub for real estate investment.” He further emphasized that these efforts support the objectives of the Dubai Real Estate Strategy 2033, which aims to create a resilient, competitive, and innovation-driven real estate sector that reflects Dubai’s global leadership status.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, added, “This partnership demonstrates our commitment to innovation and delivering tailored, customer-focused solutions. Integrated offerings resulting from this collaboration will improve the property transaction experience, bolster investor confidence, and ensure that Dubai retains its leading position in the global real estate sector.”
This collaboration aligns seamlessly with Dubai’s D33 Economic Agenda, which strives to position the emirate among the top three economic cities worldwide. By fostering a supportive regulatory environment and enhancing the real estate market’s readiness to attract high-quality investments, the partnership contributes to sustainable market growth and elevates the investor experience both locally and internationally.
Furthermore, the initiative exemplifies a successful integration model between government entities and financial institutions, positioning Dubai’s real estate ecosystem to adapt proactively to future market shifts. It also advances Dubai’s ongoing digital transformation and commitment to service excellence—key pillars in building a modern, investor-friendly property market.
