What services does DLD provide to real estate investors?
The Dubai Land department provides numerous services for the investors, which are aimed at the development of real estate sector in the emirate. Here’s an overview of the key services provided by DLD:
Real Estate Property Registration and Related Services
DLD is responsible for property registration procedure where every deal is well recorded and well documented. Some of the services it offers include registration of initial sales, mortgage registrations and release and transfer of mortgages. Such services are critical in ensuring that the property market is safe and well-organized.
Investor Visa Programs
DLD provides different types of residency visas for the real estate investors. The Golden Visa gives the investors a right to apply for a 10 years residency permit with the possibility of renewal if they have property investment of AED 2 million or above. There is also the Taskeen Program of two year multiple-entry visa for property possession of AED 750,000 or more. These programs have also contributed to the ability of the global investors to invest in Dubai’s property sector.
E-Services and Smart Applications
In a bid to make the process easier and convenient, DLD has come up with some smart applications like the Investment Map (SIM) whereby investors can easily look for real estate opportunities online. Some of the other tools include the Mollak system of managing joint properties, the eMart online real estate market and the REST system of dealing with all manners of real estate transactions and services.
Real Estate Data and Market Overview
DLD also releases comprehensive reports and statistical information on Real Estate transactions, mortgage and market activities. This information is very useful to investors especially when making their investment decisions. The department also provides with the land status report which gives the information of the status of particular property.
Other services include Dispute Resolution and Legal Services.
Some of the services provided by DLD include; out of court settlements as well as enforcement of judgements. This is to ensure that any and all issues arising from real estate business are solved in the best way possible. Also, DLD oversees the real estate management contracts to make sure that they are in accordance with the laws.
Education and Training and Brokerage Licensing
Another way in which DLD supports the real estate practitioners is through the Dubai Real Estate Institute (DREI) that offers courses and training programs for those in the real estate sector. Such programs assist the investors and the brokers to know the current practices and the laws of the market. The Broker Registration Membership program is most valuable when it comes to those who wish to start their journey in Dubai’s real estate market.
Supervision of Properties and its Maintenance
DLD is responsible for the administration of properties in order to maintain them and make them safe. This also involves confirming contracts entered into by management companies on matters such as cleaning and maintenance of the properties, security among others.
Assuming the role of a one-stop shop, DLD has put in place a number of services which will ensure that the real estate market in Dubai is safe and reliable. These services will help investors to take advantage of the property market in the city while at the same time safeguarding their investments as well as managing them effectively.