In cooperation with the Dubai 10X initiative and Dubai Future Foundation, Emirates Today publishes the most prominent projects participating in the initiative, which was directed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to all government agencies in Dubai To apply today what the cities of the world will apply after 10 years, Dubai 10X seeks, in cooperation with the relevant authorities in the Dubai government, to adopt new models for future governments, by bringing about a comprehensive change in the governmental work system, and setting future plans that restore the government’s role in serving societies and making the future.

The Dubai Land Department has launched a self-disposal real estate project "Dubai Rest", as part of the projects of the first phase of the "Dubai 10X" initiative, approved by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, and supervised by Dubai Future Foundation, and that With the aim of strengthening Dubai's position as a leading real estate investment destination by providing the fastest real estate transactions in the world through fully digital procedures without any paper documents, which contributes to reducing real estate brokerage procedures and attracting more investors from different parts of the world.

The «Dubai Rest» project provides a digital platform available around the clock from anywhere in the world, and can be dealt with to dispose of real estate in Dubai without the need for parties in the country, which is the first digital market for real estate in Dubai that allows the investor to make real estate investment decisions through an integrated set of Digital procedures without the need for paper documents.

The Dubai Real Estate self-management project helps owners in and out of Dubai to rent out their properties. It also enables them to deliver and pay electricity, water and internet bills, to the possibility of furnishing their properties through authorizing furniture and decoration companies to access engineering drawings of real estate, in addition to managing financial obligations. The property with owners' associations and escrow accounts for the projects in progress.

The project aims to liberalize the Dubai real estate market from procedural restrictions to allow real estate owners to trade and dispose of the property at any time and from anywhere in the world, by relying on a digital real estate business system that is one of the most developed in the world.

It also aims to keep pace with the changes taking place in the market and meet the needs of owners, as it helps them to conduct all transactions without the need to come to the department’s headquarters or service centers, or to come to Dubai if they are from outside it.

The project includes all real estate dispositions such as buying and selling, as well as other services such as a mortgage that will be done directly by linking the owner with the bank, so that the bank authorized by the customer can mortgage the property directly, and deposit the amount of the mortgage in the customer's account or release the mortgage for the purpose of buying and selling.

The Dubai Rest relies throughout the various stages of its implementation on developing a strategic partnership between all agencies working in the real estate sector, including developers, banks, relevant government agencies and real estate residents.

All documentation steps on this platform are characterized by being completely digital, and the services of the platform include the ability to search for and buy real estate and make it easier for users to search for buyers, sellers, renters and tenants, and the platform also allows users to communicate with the funding authorities and allocates a wallet for each user that enables him to follow all things related to his properties, It also includes electronic contracts to document all legal actions that take place on the property, and this project contributes to enhancing Dubai's competitiveness in the world in the field of doing business activities and reducing procedures and time for recording real estate transactions and transferring them electronically 100%.

According to the Dubai Land Department, the landlord or tenant can file a rental claim by registering his basic data and the subject matter in dispute, through a few steps that provide him with a lot of effort that was lost in registering the cases in their usual form.

And confirmed the possibility to contact the owner, or his representative from the real estate management companies, to report problems related to maintenance, through an official SMS.

"Through the system, the tenant can also inform the landlord, or his representative, of his unwillingness to renew the lease contract. The application is no longer limited to issuing or renewing lease contracts, but rather contributed to the formation of a smart, secure platform for correspondence between the rental parties, what is expected with him to reduce the number of Rental disputes in the future, in addition to the process of linking between the different rental parties, the system continuously updates and develops itself, based on the reactions of users to the system, where the automation process allowed for an interactive platform in which the user can, whether he is a tenant or an owner, express About A. In the service provided to be monitored and analyzed by the department, represented by a large team working continuously on the modernization and development of these services by taking advantage of the reactions ».

Features

Dubai's position is a leading destination for real estate investments.

Reduces real estate brokerage procedures by eliminating paper documents.

It attracts more investors from different parts of the world.

It enables owners to trade and dispose of the property at any time and place in the world.

The landlord or tenant can file a rental claim by registering their basic information.

It enables the investor to make decisions through an integrated set of digital procedures.

Facilitates the search for buyers, sellers, lessors, and tenants.

It keeps pace with the changes taking place in the real estate market and meeting the needs of owners.

It reduces the procedures and time for recording real estate transactions and transferring them electronically 100%.

A digital real estate market that allows the investor to make decisions without the need for parties to be present in the country.

Dubai Rest conducts transactions entirely through digital procedures without any paper documents.