DLD, ADGM in deal to promote Dubai real estate
The new MoU will help to promote Dubai's real estate sector
The Dubai Land Department (DLD) has signed a memorandum of understanding (MoU) with the Registration Authority of Abu Dhabi Global Market (ADGM).
The MoU was signed by Sultan Butti bin Mejren, director-general of DLD, and Dhaher bin Dhaher Al Mheiri, CEO of the ADGM Registration Authority.
The MoU highlights the DLD's interest to establish cooperative relations with the Financial Free Zone Authority by enabling international companies registered in ADGM to own properties in Dubai's freehold areas within DLD's framework, legal controls and registration procedures.
Bin Mejren said: "We welcome our partnership with ADGM as the strengthening of co-operation between Dubai and other emirates helps us achieve the vision and strategy of Dubai and consolidates our vision to position the emirate as the world's premier real estate destination."
Bin Mejren affirmed that the new MoU helps to promote Dubai's real estate sector, providing opportunities for institutions outside Dubai to enter into partnerships.
Makers of parts, some of which already being sold abroad, 'can beat... READ MORE
Businesses, individuals relying more on its wide reach and is... READ MORE
Partnership poised to address shortage in the number of quaternary... READ MORE
Saudi Arabia has an opportunity to drive technology-led productivity... READ MORE
Timna Sophia had set aside the money to buy a car during Ramadan. READ MORE
Unvaccinated residents won't be able to enter some places and obtain... READ MORE
'To ensure a smooth traffic flow and the safety of the public' READ MORE
The 12-member jury found Chauvin, 45, criminally liable in... READ MORE