São Paulo – Dubai Land Department (DLD) launched site eMart on Monday (4), to sell and rent real estate in the emirate. The objective is to foster the real estate market, attract greater foreign investment and facilitate transactions.
“The department is now working to develop a comprehensive action plan for the establishment of a real estate climate that is safe and stable and contributes to achieving the objectives of all parties involved in the sector, contributing to the attraction of more foreign investment, thus transforming Dubai into a global real estate destination through the provision of a full range of facilities and services that emphasise transparency and ensure the rights of all parties,” said Sultan Butti Bin Mejren, DLD director general, according to Emirates News Agency (WAM).
The site allows landowners and professionals in the real estate sector to list their properties and sell them directly or to auction them. All sales and rentals on eMart follow regulations and laws established by the Dubai Land Department.
All financial transactions are processed on the Noqodi platform. Buyers may pay by credit card or bank transfer to Noqodi associated institutions – Emirates Islamic Bank, Emirates NBD, Commercial Bank of Dubai, Abu Dhabi Islamic Bank and Mashreq Bank.
For the time being, it is only possible to find residential real estate on eMart, both for sale and rent. However, the site should also make available commercial real estate, like offices, shops, showrooms and parking lots, as well as villas and plots of land, among other real estate. The site address is www.emart.gov.ae.
*Translated by Mark Ament
