In the first half of this year, Dubai’s real estate market saw 4,049 new operations, indicating the emirate’s growing popularity as a top investment destination and the diverse range of options it offers to both service providers and investors.
An improved regulatory framework that encourages the seamless operation of real estate businesses and fortifies market transparency has made this growth possible. The Dubai Land Department’s “Trakheesi System,” the official platform for registering and activating a wide range of core sector activities, is a crucial component of this system.
Activating various real estate activities, such as real estate brokerage for purchasing and selling properties, leasing brokerage, property management supervision services, valuation services, purchasing and selling land and real estate, managing jointly owned properties, real estate consulting, mortgage brokerage, and mortgage advisory services, requires registration in the Trakheesi System.
Certain other real estate activities, like real estate development, leasing, and property management services for private and third-party properties, as well as the operations of real estate service trustees and real estate promotion trustees, also require preapproval from the Trakheesi System.
With 2,301 recorded events, real estate brokerage services for property sales topped the list. Leasing brokerage services came in second with 1,279 actions, indicating the sector’s growing broker network and its critical role in serving the needs of both property owners and tenants. An additional 273 land and property trading-related activities were registered.
Leasing and property management services for private properties (24 activities) and for third parties (nine activities), property valuation services (14 activities), jointly owned property management services (nine activities), real estate development (11 activities), mortgage brokerage (43 activities), real estate consulting (40 activities), and property management supervision services (43 activities) are among the other activities.
These initiatives demonstrate the professional diversity of the market and DLD’s dedication to creating an adaptable atmosphere that satisfies the changing demands of stakeholders and investors in every area of the real estate industry. This strategy boosts market competitiveness and aids in the population and economic development of the emirate.
Additionally, the H1 numbers clearly show how the Dubai Land Department has optimized processes through an integrated digital ecosystem that makes it simple for clients to issue and renew licenses.
In keeping with the Dubai Real Estate Strategy 2033, which aims to increase the emirate’s appeal as a top global real estate destination and guarantee a flexible, secure business environment that supports sustainable growth and economic diversification, this efficiency highlights DLD’s dedication to bolstering the investment climate and encouraging innovation in the real estate sector.