Dubai Land Department Hosts Real Estate Policy Lab for Innovation

Photo : Dubai government media office

The Dubai Land Department (DLD) recently hosted a strategic Real Estate Policy Lab aimed at advancing innovation and sustainability within the sector. This initiative sought to fine-tune and discuss four essential policies: the Real Estate Alliances Policy, Resilience and Sustainability Policy, Real Estate Reputation Policy, and Data Sharing and Publication Policy. These policies are part of DLD’s larger vision to support the objectives of the Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33.

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The event, which took place at DLD’s headquarters, was attended by His Excellency Eng Marwan Ahmed bin Ghalita, the Director General of DLD. He opened the event by expressing gratitude to the participants and underscoring the significance of such forums in shaping the future of Dubai’s real estate landscape. He highlighted that these initiatives are crucial for achieving governance and sustainable growth in the sector.

Dr. Mahmoud Al Burai, Director of the Real Estate Policies and Innovation Department, gave a detailed overview of each of the four policies. The session included the participation of DLD CEOs, Directors, and over 100 stakeholders from the real estate development, brokerage, and management sectors, including key players in Dubai’s real estate industry.

Dr. Al Burai started with the **Real Estate Alliances Policy**, which aims to bolster collaboration and strategic partnerships across the real estate industry. This policy is designed to enhance the competitiveness of Dubai’s real estate market, ensuring it aligns with the emirate’s development vision.

He then moved to the **Resilience and Sustainability Policy**, which focuses on ensuring that the sector can adapt to economic, environmental, and social shifts. This policy calls for sustainable building practices and adherence to high-quality standards in all real estate developments, helping the sector respond to challenges and emergencies more effectively.

Following this, Dr. Al Burai introduced the **Real Estate Reputation Policy**, which aims to position Dubai as a global leader in real estate by strengthening the market’s reputation and increasing its appeal. This policy emphasizes collaboration with key partners and stakeholders to elevate Dubai’s real estate sector to new heights.

Lastly, the **Data Sharing and Dissemination Policy** was discussed, emphasizing the need for greater transparency and security in data exchange between DLD and its various partners. This policy is aligned with the government’s broader push for better data sharing and publication standards and is expected to drive innovation in the use and transfer of real estate data.

Dr. Abdulaziz Istitiyeh, Senior Economic Advisor at the General Secretariat of the Executive Council of Dubai, also participated in the event, offering valuable insights into policy development strategies and the methodologies used in Dubai’s government. His presentation helped underline the importance of well-structured policy frameworks in achieving the emirate’s long-term goals.

The event also provided a platform for real estate experts to engage in brainstorming sessions, where they contributed practical ideas and solutions regarding the implementation of these policies. The sessions focused on the mechanisms needed to put these policies into action and explored how the private sector could play a pivotal role in their execution.

At the conclusion of the event, participants were recognized for their input, and special mention was made of the **Emirates Falcons Volunteer Team** for their outstanding efforts in ensuring the success of the event. DLD's continuous commitment to fostering growth, sustainability, and innovation in the real estate sector was clearly evident through these discussions. The department reaffirmed its dedication to shaping policies that will drive the success of Dubai’s real estate market, ensuring its continued prominence as a global hub for real estate investment.

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