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Tag: real estate registration

  • Dubai Land Department Launches AI Platform for Real Estate Registration

    Dubai Land Department Launches AI Platform for Real Estate Registration

    Dubai developers can now register real estate transactions, manage projects and oversee escrow accounts through a single digital platform launched by the Dubai Land Department (DLD), as the emirate expands its use of AI across government services.

    The Initial Registration platform combines project registration, real estate transaction registration and escrow account management in one digital process, reducing repeated data entry and document submissions, DLD said.

    Artificial intelligence can read documents including Emirates IDs, passports and sales contracts, extract relevant information and populate application fields automatically. Transactions that meet the department’s business rules may also be approved upon submission, potentially shortening processing times.

    As the market expands and its needs evolve, we continue to develop a digital ecosystem that enables developers to manage their projects and complete transactions more effectively. By deploying artificial intelligence and strengthening integration among stakeholders, we are enhancing the ease of doing business and reinforcing transparency and governance, building investor confidence and supporting Dubai’s long-term competitiveness.

    Abdullah Ahmed Al Shehi, chief executive of DLD’s Real Estate Regulatory Agency, said the platform aims to strengthen transparency and support Dubai’s long-term competitiveness.

    The launch comes as Dubai pushes ahead with a broader government AI agenda. It follows an announcement by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, about a framework targeting half of UAE government sectors, services and operations to run through autonomous, self-executing AI models, known as Agentic AI, within two years.

    Automated Document Processing

    The platform guides users through a series of questions to identify the appropriate procedure and allows missing information to be added while an application remains open, reducing the need to restart submissions because of minor omissions.

    DLD said the system is intended to reduce manual data entry, improve accuracy and increase the proportion of applications accepted on first submission.

    Project 360 Dashboard

    A feature called Project 360 gives developers a consolidated view of their projects, including unit status, escrow accounts, financial data and project records. It also provides early-warning indicators intended to help identify potential problems and support earlier intervention.

    The system gives developers, DLD and banks managing escrow accounts greater visibility over procedural stages and responsibilities. Data can be reused across connected systems, helping reduce discrepancies between sales, escrow and ownership records.

    The platform allows developers to manage multiple companies and monitor their real estate projects through a single account. Users can be assigned different permissions, including separate roles for submitting and reviewing transactions.

    Implementation and user training were carried out in phases before the full rollout, with workflows tested ahead of the launch. The department said the platform aims to reduce follow-up enquiries and manual data entry while speeding up transaction completion.

    The launch forms part of DLD’s broader effort to build digital infrastructure for a growing number of real estate projects and transactions. It also supports the Dubai Real Estate Strategy 2033 and Dubai Economic Agenda D33, which identify integrated digital services and data as key to the emirate’s long-term economic and property-market growth.

    Dubai’s property sector has attracted 186 new developers between January and mid-August 2026, while the emirate completed 24,000 property units worth Dh111 billion during the first half of the year.

  • Aldar Completes Abu Dhabi’s First Off-Plan Mortgage Under ADREC Framework

    Aldar Completes Abu Dhabi’s First Off-Plan Mortgage Under ADREC Framework

    Aldar has become the first developer in Abu Dhabi to complete mortgage financing on an off-plan property through Abu Dhabi Real Estate Centre’s (ADREC) newly launched framework that enables the financing bank to be formally named on the mortgage registration certificate before property handover.

    The framework allows a customer who has paid 50 percent of the purchase price to arrange a mortgage against their off-plan property, with the bank funding the remaining installments and the final handover payment.

    This gives customers certainty over their financing terms in advance, preserves liquidity throughout the construction period and removes the need to arrange a mortgage at completion. It also provides an alternative to traditional financing arranged at handover, giving customers a wider range of financing options and greater choice over rates and terms.

    Setting a new precedent for the Abu Dhabi market, Aldar has completed the first registration under the new framework, with Abu Dhabi Commercial Bank (ADCB) supporting the initial transactions as the mortgage bank, in line with the UAE Central Bank regulation which requires customers to have paid 50 percent of the property price to be eligible for off-plan mortgage financing.

    “The completion of this registration demonstrates ADREC’s off-plan mortgage registration service in live market use. By enabling mortgage interests in eligible off-plan real estate units to be recorded in the Initial Real Estate Register, the service strengthens transparency and provides greater clarity and protection for buyers, developers and financial institutions,” said Ghazi Saeed Alateibi, Executive Director – Real Estate Transaction Sector at ADREC.

    “The service is available on a market-wide basis to participating institutions that meet the relevant requirements, supporting a secure and well-regulated off-plan market in Abu Dhabi,” he added.

    Aldar customers can access off-plan financing through ‘Home Finance by Aldar’, an in-house mortgage advisory service available to customers without fees. It provides a simple way to explore options from a broad panel of participating banks and identify the most appropriate financing solution.

    “As Abu Dhabi continues to develop as a leading global business and lifestyle destination, its real estate market is growing in both appeal and sophistication. The new off-plan mortgage framework introduced by ADREC marks an important step in further enhancing the transparency and accessibility of the market,” said Faisal Falaknaz, Chief Financial and Sustainability Officer at Aldar.

    The move comes as Abu Dhabi real estate transactions doubled to $31.86 billion in the first half of 2026, with off-plan sales accounting for 89 percent of total residential sales value. The new framework addresses a key financing gap in the emirate’s rapidly growing off-plan market, where buyers previously had to wait until handover to secure formal mortgage registration.