In an effort to speed up the real estate transaction process, Dubai Land Department (DLD) has introduced the Quick Selling option. The function makes use of smart evaluation technology, which does away with audits.
The new option is available for all real estate units, including apartments and villas in freehold regions, via Real Estate Registration Trustees, in order to improve the client experience. It also guarantees that everyone will be present when contracts need to be signed at the registration trustee office.
Within minutes, the smart valuation procedure verifies prices, completes fee payments, and issues the new title deed. The Dubai Economic Strategy D33 goal of becoming Dubai the best city in the world is being pursued in part by DLD with the help of this development.
Sultan Butti Bin Mejren, the Director-General of DLD, emphasised the need of leadership attention to the real estate industry for sustainable growth. The first time yearly real estate transactions exceeded AED 0.5 trillion occurred in 2022, which was a significant accomplishment for Dubai.
The sector will receive a huge boost from the Quick Selling function, enabling it to maintain its expansion and break previous records for the volume of real estate transactions.