Dubai is regarded as a candidate for the company’s global headquarters, and the company has been strengthening ties with the United Arab Emirates.
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DMCC enters MoU with Securities and Commodities Authority
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The new system allows direct interaction between the seller and buyer and the finalisation of procedures through audio-visual communication.
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But experts say the country will need to reduce its reliance on oil to move to the world's top ten
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Land Department’s blockchain platform will directly impact on their role and commission structures.
Do away with real estate brokers altogether? Where every transaction can be done directly between a buyer and seller — or a landlord and tenant — using an online platform to be put up by Dubai Land Department? And the deals can be sealed and done with the users being anywhere in the world?
Such a scenario is not about to happen overnight — but by the first quarter of 2020, this could be the reality in Dubai’s property market.
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