Dubai Land Department has launched new Instant Sale feature to allow property purchase in minutes

The Dubai Land Department (DLD) has launched the Instant Sale Feature, where the real estate transactions are evaluated with smart technology without the need for audits.

With the aim to enhance the use of innovative solutions and to achieve the goal of Dubai Economic Agenda D33 in order to position Dubai as the best city in the world to work and live.

The Instant Sale Feature applies to sales operations for real estate units, including apartments and villas, located in freehold areas through Real Estate Registration Trustees.

Buying a property in Dubai

Its aim is to streamline procedures and improve the experience of DLD’s customers by ensuring the presence of all parties at the real estate registration trustee office to sign contracts.

With smart valuation process, the prices are confirmed and then the new title deed is issued upon the completion of fee payment within a few minutes.

Sultan Butti Bin Mejren, the Director-General of DLD, noted “The Dubai real estate sector has had a distinguished performance with exceptional growth, and in 2022, annual real estate transactions crossed half a trillion Dirhams for the first time. This success is attributed to the wise leadership’s directives and great attention to the real estate sector as it is an essential pillar of sustainable development.”

He also emphasised DLD’s commitment to enhancing the real estate sector’s infrastructure with innovative initiatives and projects that contribute to advancing the digital ecosystem.

This new initiative will help maintain the exceptional growth and to achieve an outstanding record in the number of sales transactions during the coming stages.

SOURCE: Arabian Business

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