In its continuous efforts to drive innovation and create regulations that promote growth and sustainability, the Dubai Land Department (DLD) organized the Real Estate Policy Lab.
The event aimed to discuss and refine four key policies: the Real Estate Alliances Policy, Resilience and Sustainability Policy, Real Estate Reputation Policy, and Data Sharing and Publication Policy. These policies are in line with DLD’s mission to achieve the goals of the Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33.
Held at DLD’s headquarters, the event was attended by His Excellency Eng Marwan Ahmed bin Ghalita, Director General of DLD, who thanked all participants and emphasized the importance of these initiatives in creating a clear path for governance and sustainable development in Dubai’s real estate sector.
The session began with an overview of the four policies, presented by Dr. Mahmoud Al Burai, Director of the Real Estate Policies and Innovation Department. He highlighted the significance and objectives of each policy, stressing how they contribute to empowering Dubai’s real estate sector and promoting sustainable, comprehensive development. The event was attended by DLD’s CEOs, Directors, and over 100 representatives from real estate development, brokerage, management companies, and other stakeholders.
Dr. Al Burai introduced the Real Estate Alliances Policy, which aims to strengthen strategic partnerships and collaboration within the real estate sector. This policy is designed to boost Dubai’s real estate market, enhancing its appeal and competitiveness, while supporting comprehensive development in line with the emirate’s vision.
He then presented the Resilience and Sustainability Policy, which focuses on improving the sector’s adaptability to economic, environmental, and social changes. This policy ensures the sector can effectively respond to challenges, crises, and emergencies, while also promoting sustainable practices and implementing high-quality building standards.
Dr. Al Burai also discussed the Real Estate Reputation Policy, which aims to establish Dubai as a leading global real estate destination by enhancing its market appeal through partnerships and collaboration. He concluded by introducing the Data Sharing and Dissemination Policy, designed to improve transparency and security in data exchange between DLD and its partners. This policy aligns with Dubai’s data-sharing regulations and encourages innovation in utilizing and transferring real estate data.
The event also featured insights from Dr. Abdulaziz Istitiyeh, Senior Economic Advisor at the General Secretariat of the Executive Council of Dubai, who provided valuable information on policy design strategies used within the Dubai government.
In addition, brainstorming sessions brought together real estate experts to discuss the implementation of the four key policies, focusing on the private sector’s role and how these policies can be advanced. The experts shared a range of ideas and solutions, contributing to the successful development of these initiatives.
Through initiatives like this, the Dubai Land Department reaffirms its commitment to developing policies and regulations that promote the sustainability and growth of the real estate sector, strengthening Dubai’s position as a leading global real estate investment hub.
