Imagine finding your dream home, nestled in a vibrant neighborhood, with a breathtaking view of the azure waters of the Arabian Gulf. As you prepare to make this dream a reality, the daunting tasks loom – a web of paperwork, meticulous property inspections, negotiations with brokers to secure the best deal, the challenges of securing financing, and multiple visits to various agencies for approvals and registrations.
Juggling all these tasks can be overwhelming, especially when you have a busy schedule. But what if the entire process can be simplified and streamlined? What if you could finalize the transaction from the comfort of your living room?
This is where Dubai’s groundbreaking efforts to digitize real estate services, led by the Dubai Land Department (DLD), comes into play. This digital transformation is not just about moving processes online; it’s about making the journey to your dream home as smooth, transparent, and convenient as possible.
The DLD recently launched a new strategic plan and vision until 2026, with a mission to provide “seamless real estate services, effective legislation and integrated data through partnerships, leading digital infrastructure and an empowered human capital”. This is in line with the adoption of Resolution No. 81 approved by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, confirming the organizational structure of the DLD.
The traditional methods of buying, selling, and managing properties are being transformed by the power of digital technology and the DLD is leading this digital revolution by introducing a suite of innovative digital services that are reshaping the real estate industry.
In fact, most services offered by the DLD can now be accessed online. For instance, property owners, buyers, tenants, investors, and industry professionals now have a handy tool to access valuable real estate information through an app called Dubai REST. The app offers real-time information on off-plan projects, including completion percentage, project pictures, and escrow account details, as well as services like rental disputes, valuation certificates, and online payment.
For both tenants and landlords, Dubai has made it so much easier to determine annual rent increases through the RERA rent calculator, an online tool that provides the maximum amount of increase you can expect for your rental home based on the RERA rental index, which is updated yearly.
There is even an app that offers free legal advice called the Smart Judge. The service provides important information about a tenant’s rights in a rental contract, which can be vital when filing a complaint.
The digital transformation of real estate services in Dubai is not just a government initiative, but a collaborative effort involving multiple stakeholders. The DLD itself has emphasized the importance of fostering partnerships with private entities in cultivating a flourishing digital ecosystem. In this context, platforms like gllit.com are playing a crucial role in supporting the DLD’s digitization objectives.
Gllit.com is an unique online platform that directly connects homebuyers and tenants with property owners, simplifying the process of buying or renting property in the UAE. As an all-in-one platform, gllit.com is where buyers can easily access property listings directly from property owners and complete transactions without the need of a broker.
This model has several significant advantages that align with the DLD’s objectives of making real estate transactions more efficient, transparent, and accessible. More importantly, buyers and tenants can potentially save huge amounts by eliminating the need for a broker and the associated fees.
The digital transformation of real estate services in Dubai is a collaborative effort involving government and platforms like gllit.com. Together, they are reshaping the real estate industry and making transactions more efficient, cost-effective, and user-friendly in an industry that forms the backbone of any economy.
Visit gllit.com to find exclusive real estate offers and the most competitive prices direct from property owners.
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