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DLD has announced the launch of the Real Estate Investment Opportunities (REIOs) initiative to attract a range of real estate investors.
A number of investment products will be launched as part of this initiative including collective real estate investment funds, partial title deed procedures to register units owned by multiple partners, a lease-to-own system and investment portfolio applications. A law is currently being drafted for real estate investment portfolios and is under accreditation and review by concerned parties, the DLD said.
The department has approved a special office to facilitate and unify all registration and follow-up procedures for this project. DLD will also approve a set of special privileges relating to real estate registration and its terms, and a special electronic contact website will be set up to provide services and respond to future queries.
This initiative is aimed at increasing the share of investors in Dubai real estate investments in global portfolios, strengthening the emirate’s investment position and competitiveness. It will also help create innovative investment ideas, and provide a competitive environment to stimulate developers to launch attractive marketing strategies and programmes.
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