Real Estate Business in Dubai is one of the most fast growing in the world. World needs to understand what all about what regulations and rules governing property business and trade in Dubai. The document Dubai Real Estate Legislation provides a comprehensive knowledge about the same for the people, firms, businesses and relevant groups.
Vision “To be a global real estate leader in attracting investments”
Mission, “To create a real estate environment that applies best international practices to guarantee the rights of all stakeholders, and to contribute to the development of society by:
• Developing and applying clear and transparent real estate regulations
• Providing distinctive and efficient real estate services that help attract investment
• Increasing real estate knowledge to be a global leader in real estate
There is a strong realization and feeling that era of recession in the property industry is going to end soon. The ongoing policy both at the government and private sector level to boost the property business in Dubai is likely to pay rich dividends. To this end, there is a need to provide an easy access to the people and businesses to understand the dynamics of property and developers industry in Dubai. The government has hence provided a detailed document regarding the rules, policies and procedures that affect the property business. various other governmental policies like visa relaxation and tokenising the Real Estate properties by Dubai Land Department are likely to open more international demand and there is a likelihood of the property price surge. There is a likelihood that prices will reach an equilibrium by the time Expo 2020 materializes. As the redevelopment plans in the suburbs of Dubai are likely to generate more houses, schools, commercial projects and other relevant structures are going to come up, which will further boost the lukewarm construction industry.
As per the analysis and view point of the Real Estate pundits in 2018, UAE needed a Real Estate master plan for commercial as well as residential residential and commercial properties, to not only increase investor confidence but to provide more transparency on investment opportunities for ongoing and future projects.
The document under review starts with the vision which says that