Dubai – Mubasher: Dubai Land Department (DLD) on Sunday announced that it has signed a memorandum of understanding (MoU) for strategic cooperation with the UAE International Investors Council (UAEIIC).
The deal was signed by Sultan Butti bin Mejren, director general of DLD, and Jamal Saif Al Jarwan, secretary-general of UAEIIC.
The MoU aims to share knowledge, experiences, and institutional expertise at all levels as well as exchange ideas, information, and studies related to both parties, according to the state-run Dubai’s utility said in a statement.
“The MoU aims to build effective cooperation between the two parties to achieve common strategic objectives. Both parties will analyse data and information provided by each as well as study its impact at the level of Dubai and Emirati investors abroad. We hope that it will also contribute to supporting initiatives that promote investments in the real estate sector,” bin Mejren said.
The deal will also help UAEIIC implement its vision and mission, extend bridges of cooperation, and open channels of communication with all bodies and departments, and with representatives of institutions inside and outside the UAE.
“The MoU will be promoted among investors and joint meetings, seminars, and conferences will be organised that will welcome enterprises and commercial companies interested in investing abroad to introduce investment opportunities, regulatory laws, and accurate analysis of the market in the countries they want to invest in, thus achieving the government’s directives to expand and diversify the sources of the economy,” Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector at DLD, commented.
Rashid affirmed that the agreement supports the steps taken in real estate promotion, enhancing confidence in Dubai's real estate sector, and providing access to the real estate market and services offered by DLD.
