The new Instant Sale feature from The Dubai Land Department

The Dubai Land Department (DLD) has just introduced a sensational Instant Sale feature, which applies smart evaluation solutions in property deals that do not require audits. This initiative is in line with the DLD’s aspiration to improve the use of innovative technologies and achieve the Dubai Economic Agenda D33 objective to transform the emirate into the world’s best city to live and work in.

As stated by the Government of the Dubai Media Office (GDMO), the Instant Sale feature is applicable to sales operations via the Real Estate Registration Trustees for properties, including apartments and villas, situated across freehold neighbourhoods. The initiative aims to streamline the entire sales process and enhance the experience of DLD clients, ensuring the presence of all deal participants at the real estate registration trustee office to sign agreements. Property prices are approved via the smart valuation, after which, one has to complete the payment of fees, and as a result, the new title deed is obtained within just several minutes.

According to Sultan Butti Bin Mejren, the Director-General of DLD, the Dubai real estate sector has been growing significantly, with the annual transactions in 2022 having crossed AED 500B (USD 136B) for the first time. Such a strong performance is attributed to the excellent infrastructure of the real estate sector and the efficient initiatives from the local authorities. DLD is committed to improve its services with the help of innovative projects that participate in advancing the digital ecosystem. The Instant Sale feature will become another major driving force behind the growth of Dubai’s property sector and the increase in the number of sales deals in the near future.