Dubai – Mubasher: Emirates Islamic and the Dubai Land Department (DLD) have signed a memorandum of understanding (MoU) to support the real estate sector’s growth in the emirate of Dubai.
Majida Ali Rashid, CEO of the DLD’s real estate promotion and investment management sector, signed the MoU with Wasim Saifi, deputy CEO of consumer banking and wealth management at Emirates Islamic.
“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,” commenting Rashid on the MoU signing.
The DLD plays an important role in supporting the emirate’s property sector, making it “the most transparent realty market in the MENA region, as per JLL’s Global Real Estate transparency index,” the DLD said in a statement released on Tuesday.
Under the deal, Emirates Islamic’s innovation-driven banking solutions expertise and customer-focused approach will support the DLD’s vision to position Dubai as the world’s premier real estate destination.
Meanwhile, Emirates Islamic’s Saifi said that his was excited to work with the DLD and investors in the emirate’s 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 and efficiency in Dubai’s real estate transactions,” Saifi concluded.
