Dubai Land Department Unveils ‘Real Estate Innovation Incubator’ to Entice Emerging Real Estate Firms Worldwide
Through the Real Estate Development Sector, Xclusiverse Technology Company and the Dubai Land Department (DLD) have signed a cooperation agreement to launch the very important initiative “Real Estate Innovation Incubator 2023”. This initiative is made to attract emerging global companies in property innovation and raise the skills and capabilities of local companies and individuals in the sector.
This will strengthen its digital system and position it with the Dubai Economic Agenda D33. The aim of this initiative is also at enabling the commercialization and testing of innovative and new technologies and products in the Emirate.
If we go by the recently signed agreement between Xclusiverse Technology Company and Dubai Land Department (DLD), the two parties aim to grow confidence in Dubai’s property sector by facilitating a one-of-a-kind investment environment. This ensures positive governance of the real estate system and incubates property innovation controls.
In addition to the signed agreement, Real Estate Innovation Incubator 2023 will be launched with the help of a business accelerator, a virtual incubator platform, and companies with real estate technology backgrounds. This partnership is aimed to not only enhance customer satisfaction but also increase services to get the best results and grow the overall development of the real estate sector in Dubai.
The cooperation agreement involves collaboration in a variety of fields, firstly the assembly of a team of top experts by Xclusiverse Technology Company to put in place the virtual incubator. The virtual incubator will stick to the best global and local practices and standards while securing information security. The initiative will be contributing to the Dubai Economic Agenda D33.
The CEO of the Real Estate Management Sector and Promotion Investment at DLD, Majida Ali Rashid suggests that Dubai Land Department values the importance of encouraging collaborations between the private sector and the public sector to support the city’s economic agenda and position Dubai among the top economic hubs globally. He also said that we are committed to realizing the DLD’d plan of coming up as a world leader in property investments and giving proactive services that allow the real estate community to market and test the new technologies. The goal is to make Dubai a leading centre for incubating innovation in the property industry.
The Dubai Land Department’s dedication to keeping improving the property sector’s role in the emirate’s panoramic development by strengthening government and private-public integration partnerships integrally. This partnership will utilize technology to grow real estate products and create an appealing and world-class investment environment in Dubai. These efforts line up with the wise leadership’s goals to grow economic productivity through innovation and the execution of digital solutions.
Dubai Land Department continuously guarantee its adoption of a sustainable approach focused at achieving comprehensive development in the property market sector, as well as acquiring international best practices and adjusting them to the unique characteristics of the real estate market in Dubai as a role model globally and regionally.
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