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Real estate agents here to stay despite Dubai plan to take all deals online

Real estate agent Dubai

Experts say that investors in real estate will still need the advice and expertise of property professionals despite Dubai Land Department’s new plans for an online platform to conduct trading and transactions. Real estate agents will continue to play an important role even after the establishment Dubai Land Department’s plans for Real Estate Self Transaction…

Dubai’s developers throw weight behind ready homes

Ready homes Dubai

Dubai: It is now developers with ready properties who are going all out on their compelling sales offers — and payment incentives to boot in Dubai. And with a home to move into or rent out, these offers are getting a lot of attention from buyers, say property analysts. Ready units for 5% up front…

Alternative financing schemes to fuel property investments

Dubai property

New financing options could further enhance the attractiveness of Dubai’s property market for both local and foreign investors. The Mortgage Law recently proposed by the Dubai Land Department (DLD) will be a key instrument that will bring in more specialised funds and create alternative financing beyond standard funding from banks. The new law could, for…

DLD uses Artificial Intelligence to verify ‘Ejari’ contracts

AI

Dubai Land Department (DLD) has announced that it will be using Artificial Intelligence (AI) to verify ‘Ejari’ contracts. The new technology is part of DLD’s latest governance system for verifying lease contracts, and the AI will be used to correctly match contract signatures with those in the department’s database. The new system is aligned with…