DLD signs MOU with Emirates Islamic
DUBAI: The Dubai Land Department(DLD) has signed a understanding( mou) with the Emirates Islamic, one of the leading Islamic inancial institutions in the UAE, which agreed to be a banking partner for DLD’S efforts to boost the growth of the Dubai real estate sector.
Majida Ali Rashid, CEO of the Real Estate Promotion andsector at dld and Wa sims a ii, deputy ceo- consumer Banking and Wealth Management at Emirates Islamic signed the MOU.
Speaking on the occasion, Majida Ali Rashid said: “We at DLD are keen to establish partnerships with the private sector in order to work together in support of the Dubai real estate sector. Emirates Islamic, one of the largest national banks in the UAE with a wide range of customers, will support our initiatives and directives in promoting the Dubai real estate market and our ongoing strategy to attract more investors from around the world.”
Dubai Land Department has played an important role in establishing Dubai as the most transparent realty market in the Mena region, as per JLL’S Global Real Estate transparency index. The MOU will seek to leverage Emirates Islamic’s innovation-driven banking solutions expertise and customer-focused approach to support DLD’S vision of positioning Dubai as the world’s premier real estate destination.
In his comments, Wasim Saii said: “As a leading local bank, we are delighted to partner with Dubai Land Department as the bank of choice for investors in the Dubai real estate sector.we believe that public-private sector collaborations play a strong role in achieving national objectives of creating a better environment for customers and investors. We also remain committed to supporting DLD’S mission of continually raising the bar for transparency an deficiency in dubai’ s real estate transactions.”
It may be mentioned that the Dubai Land Department provides outstanding and integrated services to all its customers while developing the necessary legislation to propel the real estate sector in Dubai through the regulation of the sector, organising and promoting real estate investments, and spreading industry knowledge in search of regional and worldwide real estate innovation.
Majida Ali Rashid and Wasim Saifi signing the MOU.