DUBAI: Dubai Land Department (DLD) has just shared the results of their inspections and controls for the first half of 2024. They’ve been keeping a close eye on real estate brokers, companies, and projects to make sure everyone’s sticking to the rules and keeping Dubai’s market attractive and stable.
In the past six months, the Real Estate Control Department conducted 450 inspections of companies and projects, and checked 1,530 ads. They handed out over 1,200 legal warnings and fined 256 brokers for not following the advertising rules.
Dubai is experiencing a surge in real estate deals, reflecting growing confidence and interest in the city’s property market. This uptick is driven by various factors, including attractive investment opportunities, a stable economic environment, and Dubai’s status as a global business hub. The increase in transactions highlights the city’s continued appeal to both local and international investors looking to capitalise on its dynamic real estate landscape.
Also read: Dubai South reports successful initial trials of autonomous vehicles Evocargo
The rise in deals is also supported by a range of new developments and high-profile projects that are capturing the attention of buyers and investors. As the market responds to this heightened activity, we can expect to see further growth and innovation in Dubai’s real estate sector, bolstering the city’s reputation as a leading destination for property investment.
DLD is aiming to bolster confidence of investors and buyers by keeping a close watch on the real estate brokers. To improve the monitoring process, DLD is planning to use artificial intelligence for tracking ads. This new tech will help manage and cut down on rule-breaking more effectively.
