Dubai Land Department (DLD) has announced the signing of nine partnership agreements and memoranda of understanding (MoUs) with local and international entities on the sidelines of Cityscape Global 2019, held in Dubai between September 25 and 27, Invest-Gate reports.
During the event, DLD’s Promotion and Real Estate Investment Management Sector inked deals with Saudi-based Amaco Media Group, the machine-learning company Crayon, and Mashreq Bank, while the Registration and Real Estate Services signed four MoUs with Emirates Islamic Bank (EIB), the Commercial Bank of Dubai, Coldwell Banker Richard Ellis, and Royal Institute of British Architects, according to an Emirates News Agency (WAM) press statement on September 27.
The signings also included a pact between DLD’s Dubai Real Estate institute (DREI) and the University of Manchester Middle East Centre, as well as an agreement with BSA Ahmad Bin Hezeem & Associates, read the statement.
Signed by Director General of DLD Sultan Butti bin Mejren, CEO of the Registration, Real Estate Services Majid Al Marri, and CEO of DREI Hend Al Marri, the agreements are aimed at laying the cornerstones for further cooperation opportunities across various sectors, including real estate, education, and information technology. This comes in line with the vision and strategy of Dubai’s Government and the public interest.
The deals also support the Emirate’s plans to promote the local real estate market and provide a unique investment environment, while opening new horizons for international partnerships in the fields of financing projects and e-mortgage systems.