The Dubai Land Department has come up with a new system that allows landlords to sell and manage their properties online.
This move plans to cut out excessive paperwork, annoying phone calls and of course, one-on-one interaction.
Landlords will have the ability to rent out their properties from anywhere in the world
As well as pay for electricity, water and internet bills, landlords will also have direct links with banks for mortgages all with the help of this smart real estate system.
How cool is that?!
This amazing system was announced by Dubai Media Office on Twitter
#Dubai @Land_Department introduces the Real Estate Self Transaction “REST”, a platform for conducting real estate trading and transactions with multiple parties anywhere and anytime. The “REST” project is part of the @Dubai10X initiative, and overseen by Dubai Future Foundation. pic.twitter.com/GpoMovO9UI
— Dubai Media Office (@DXBMediaOffice) May 28, 2018
It will involve various government entities
For the implementation of this, Dubai Land Department is partnering with various banks, developers and government entities.
This is a very important step in Dubai’s plans to improve and advance its digital economy and is scheduled to be fully developed by 2020.