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Friday, May 17, 2024

“Abu Dhabi’s New Center to Consolidate All Real Estate Services”

Abu Dhabi is gearing up to establish a unified center designed to streamline and consolidate all real estate services and simplify property-related processes. This progressive step received approval from Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council. The new entity will operate under the emirate’s Department of Municipalities and Transport (DMT).

Efficiency and Economic Growth

The forthcoming Abu Dhabi Real Estate Centre is poised to boost the efficiency of real estate regulation and supervision, with the primary goal of creating an attractive investment climate within the emirate. It also aspires to elevate the real estate sector’s role in driving economic growth and contributing to the non-oil GDP.

Key Responsibilities: Real Estate 

The center will take on a range of vital responsibilities, including the development of strategic plans for regulating and fostering real estate sector growth. It will oversee real estate development projects, evaluate their performance, and manage government tenders related to these projects. Furthermore, it will offer support to promote real estate investment, all aimed at enhancing development within the emirate.

Additional Developments

In the same context, Sheikh Khaled bin Mohamed bin Zayed presided over an Abu Dhabi Executive Council meeting, during which a new child protection policy for the emirate was endorsed. Additionally, he reviewed the latest updates pertaining to government plans, initiatives, and projects.

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