Dubai Land Department (DLD) rolled out on July 22 Manzili (My Home) Calculator, an online tool that matches prospective buyers to new and off-plan properties that fit their solvency, based on their income and projected savings, Invest-Gate reports.

“This innovative initiative was based on facts set in place by real estate companies and the emirate’s public investment landscape that anyone can buy the right home, find a home financing plan, or even start saving to purchase a property,” CEO of the Promotion and Real Estate Investment Management Sector at DLD Majida Ali Rashid said in a recent official statement.  

When customers register their current and monthly savings, after filling out their name, mobile number, and email on the website (www.manzili.ae), along with the preferable location and areas, the online tool generates a list of Dubai real estate projects that match the given budget and preferences.

According to the statement, the new feature comes within the framework of a strategic partnership between public and private sectors to develop Dubai’s property market, while coming as part of DLD’s aspirations to present the foremost housing services, “with the highest levels of transparency and professionalism.”

Furthermore, “The launch of Manzili initiative coincides with Dubai’s diverse properties and the availability of distinct payment plans, making real estate investment a tangible opportunity, especially in the build-up to Expo 2020 Dubai,” it added.

On her part, Rashid commented, “Our sponsorship and support of this initiative proves that DLD welcomes all ideas and suggestions that contribute to highlighting the attractiveness of our real estate market, stimulating all investors to enter the market according to their needs, and investment aspirations.”

Meanwhile, Ellington, Dubai’s top design-led property developer, and Tanami Properties (TP) announced on July 23 partnering with DLD’s Manzili initiative to offer competitive rates and payment plans for employees in the emirate’s government sector, coming amidst five other local developers taking part in the initiative.