New service to link Dubai property owners with brokers

The Dubai Land Department introduced a new service that links property owners with brokers to help them sell or rent their property.

The Green List project has been added to the department’s property application Dubai Rest and is intended to improve communication, reduce the number of complaints and boost transactions, the department said yesterday.

“Since the Green List helps to directly link the owners to [property] brokers, it also provides a flexible and transparent communication channel to enhance relations between both parties and achieve mutually beneficial results in a cost effective manner,” Ali Abdulla Al Ali, director of the licensing department at the Real Estate Regulatory Agency, said.

“We hope that this project will help stimulate [property] transactions and enable the investor and the owner to make ... transactions decisions through an integrated set of digital procedures.”

Property owners are required to register and be

The new service is intended to improve communication, reduce complaints and boost transactions

available to brokers who want to communicate with them, according to the DLD. The owners can choose to deactivate their accounts at any time.

The Green List service will help “minimise unwanted communication” and ensure that owners are contacted by genuine brokers only, according to the department.

It is also intended to reduce the number of direct marketing breaches as it opens up additional marketing channels for property companies.

The initiative is part of Rera’s goals to enhance professionalism in the property sector and create a highly advanced regulatory platform, the government body said.

The DLD also introduced a fractional title deed programme this month to boost the emirate’s hospitality industry and offer cheaper options to small property investors.

An investor will be able to buy up to half or a quarter of a hotel apartment or serviced apartment under the new initiative.

The concept is expected to encourage crowdfunding in Dubai’s property market and help reduce the 4 per cent transfer fee paid for a sales transaction, according to industry experts.