DLD Forms New Strategic Alliance for 'Real Estate i' Strategy

In accordance with the Dubai Land Department’s ‘Real Estate i’ strategy, the DLD has launched a new real estate alliance. This alliance includes Danube Properties, Imtiaz Developments, MAG Lifestyle Development, and Fakhruddin Properties Development.

In detail, the DLD signed a memorandum of cooperation with four leading real estate developers to support sustainable real estate practices.The memorandum requires the developers to offer accurate and transparent information on registered projects, such as pricing, timelines, and payment options. Additionally, in compliance with the DLD's guidelines, the developers will provide special incentives for foreign direct investments in Dubai real estate, like flexible payment plans and investment benefits.

Marwan Ahmed Bin Ghalita, Director-General of Dubai Land Department, said that the real estate sector is a fundamental pillar of Dubai’s sustainable development framework.

“Guided by the vision of our wise leadership, we continue to strengthen collaboration with our private sector partners, who have consistently demonstrated their commitment and readiness to create new investment opportunities and solidify Dubai’s position as a global destination of choice for living, working, and visiting. This cooperation agreement represents a significant step in our ongoing efforts to promote the real estate sector through diverse platforms and launch innovative initiatives that support investors and enhance market vitality.”

He added that the collaboration reflected the strong confidence real estate developers had in Dubai’s ambitious vision. “It also provides a platform to showcase the emirate’s diverse real estate landscape, encompassing residential, commercial, and hospitality projects and specialized developments in the industrial, educational, and technology sectors.”

Marwan Ahmed Bin Ghalita signed two memoranda of cooperation with Danube Group Founder and Chairman Rizwan Sajan and Imtiaz Developments CEO Masih Imtiaz.

Meanwhile, Majida Ali Rashid, CEO of the Real Estate Development Sector at Dubai Land Department, said that the collaboration would enhance investment inflows into Dubai’s real estate marketing, boost global competitiveness, and fully align with the DLD’s vision to position the emirate as a global leader in real estate investment.

“We aim to drive Dubai’s journey toward a more prosperous future through strategic partnerships. As part of this agreement, the Dubai Land Department is committed to organizing and supporting international events and exhibitions, providing comprehensive data and insights on real estate opportunities in Dubai, and launching promotional campaigns across media channels and social platforms to strengthen Dubai’s presence in the global real estate market.”

Majida Ali Rashid signed two memoranda of cooperation with MAG Lifestyle Development CEO Talal Moafaq Al Gaddah and Fakhruddin Properties CEO Youssef Fakhruddin.

The Dubai real estate alliance is part of joint efforts to implement the Dubai Real Estate Strategy 2033.