Dubai: Now, purchase property in minutes instead of days

Purchasing property in Dubai is set to become significantly faster, with registration times reducing from days to mere minutes.

This development follows an agreement between the Dubai Land Department (DLD) and the emirate's top seven developers, granting them access to the DLD's registration system. This move empowers developers to directly manage all real estate transactions, boosting efficiency and dramatically increasing registration capacity. The seven developers, which include industry giants like Emaar Properties, Damac, Binghatti Properties, Aldar Properties, Sobha Realty, Azizi Developments, and Danube Properties, are among the largest contributors to new supply and off-plan units in Dubai.

With this new system, these developers can now register and audit all real estate transactions for both developers and investors. The timing of this initiative is pivotal, as Dubai saw the delivery of 12,900 apartments and 3,925 villas in the first half of 2024, with an estimated 20,000 more apartments and 5,000 villas expected to be handed over by the end of the year. This streamlined process is set to support the growing demand and ensure smoother property transactions across the city.