Introducing DLD’s smart evaluation feature, 'Instant Sale'.
Thanks to a growing economy, Dubai is experiencing a significant boom in the real estate industry. Both local and foreign investments are pouring in, leading to an increased demand for properties. To streamline real estate transactions and eliminate the need for audits, the Dubai Land Department (DLD) has introduced the smart evaluation ‘Instant Sale’ feature.
What is the Instant Sale feature, and how does it change real estate transactions? Let's explore the answer together!
Dubai Economic Agenda D33
The Dubai Economic Agenda D33 is a comprehensive plan launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The ambitious goal is to double Dubai’s economy in the next decade.
The agenda focuses on:
- Economic growth: Increasing GDP, foreign trade, and foreign direct investment.
- Innovation: Launching 100 transformative projects to drive innovation and economic diversification.
- Global leadership: Positioning Dubai as one of the top three global cities in various sectors.
- Quality of life: Enhancing the city’s attractiveness for residents and businesses.
By implementing this ambitious plan, Dubai aims to solidify its position as a global business and tourism hub while improving the overall quality of life. Instant Sale feature is one of the transformative projects that the emirate has introduced for easy real estate transactions.
Let’s have a look at what it does.
The Dubai Land Department (DLD) has introduced the Instant Sale feature, which uses smart evaluation technology to streamline real estate transactions. This initiative aligns with Dubai's Economic Agenda D33 by eliminating the need for audits and accelerating the city's position as a global business hub.
The Instant Sale feature enables swift transactions for apartments and villas in freehold areas of Dubai. Buyers and sellers can complete the entire process, including contract signing, valuation, fee payment, and title deed issuance, within minutes at a Real Estate Registration Trustee office.
This efficient process enhances customer experience and supports Dubai's vision of becoming the world's best city to live and work.