Dubai Land Department New Initiative “Real Estate Innovation Incubator” To Attract Emerging International Companies
Dubai Land Department recently launched a new initiative, Real Estate Innovation Incubator. The initiative aims to attract emerging international companies. DLD has signed a cooperation agreement, through the Real Estate Development Sector, with Xclusiverse Technology Company.
The main objective of the Real Estate Innovation Incubator initiative is to attract emerging international companies in the real estate innovation sector in Dubai. This would in turn aid in building the capabilities and skills of the people working in local companies in Dubai. To eventually enhance the digital system of the real estate innovation sector.
With a mission to enhance the digital system and bring it to par with the Dubai Economic Agenda D33, the Real Estate Innovation Incubator initiative is a great move by the Dubai Land Department to fuel economic growth in the UAE. The new initiative by DLD is also directed towards enabling the commercialization and testing of new technologies and innovative products in the UAE.
Both the parties in the agreement, the Dubai Land Department and Xclusiverse Technology Company have come together to enhance the confidence of foreign and local investors in the Dubai real estate sector.
From providing a unique investment environment to ensuring good governance and incubating controls for innovation in the Dubai real estate sector, the agreement has a lot in store for boosting the real estate sector growth in UAE, especially Dubai.
Under the agreement, real estate technology businesses, a business accelerator, and a virtual incubator platform will co-develop the “Real Estate Innovation Incubator 2023.” To establish the virtual incubator, Xclusiverse Technology Company will gather a top-notch team of experts.
The virtual incubator platform will adhere to the finest national and international standards while ensuring the security of information. The new initiative will be launched in the UAE to the world. The launch will fall in line with the Dubai Land Department’s objective of aligning with the Dubai Economic Agenda D33.
The launch of the new initiative by DLD shows how much they value partnerships between the public and private sectors to foster economic growth in the UAE. It highly speaks of them as a credible organization dedicated to positioning Dubai among the top economic hubs in the world.
DLD’s vision is to become a world leader in real estate investments in the years to come. They focus on providing proactive services to empower the real estate economy in Dubai to test as well as market upcoming innovations in the real estate sector in Dubai. To make Dubai a pioneer in incubating innovations in the global real estate industry.
This thoughtful move by the Dubai Land Department is set to further improve the role of the real estate sector in comprehensive development in the UAE. It would strengthen the trust in government integration and public-private collaborations in Dubai. Thus, enhancing economic productivity accompanied by the implementation and innovation of digital solutions.
This is yet another sustainable approach by the Dubai Land Department to promote comprehensive development in Dubai’s real estate sector. Aimed at positioning Dubai as an undisputed leader nationally and internationally.
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