Dubai Land Department Drives Real Estate Innovation at LiveableCitiesX Summit

Dubai Land Department (DLD) reaffirmed its global leadership in real estate innovation through active participation in the ‘LiveableCitiesX’ Summit. This event, held alongside the ‘Big 5 Global’ exhibition from 26 to 28 November, served as an international platform bringing together experts in urban technologies and innovation. The focus was on accelerating the transition toward smarter and more sustainable cities of the future.

Vision to Strengthen Dubai's Global Real Estate Appeal

DLD’s involvement in the summit aligns with its strategic vision of positioning Dubai as a premier destination for international real estate investment. The department aims to build a robust ecosystem that fosters innovation, encourages investment, and promotes sustainability, solidifying Dubai’s status as a global hub for modern urban development.

Panel Insights: Dubai's Path to Sustainable Growth

During the summit, Dr. Mahmoud Al Burai, Director of the Real Estate Policies and Innovation Department at DLD, shared insights into Dubai’s strategic vision for creating sustainable and investment-friendly urban environments. He highlighted key initiatives like the Dubai Urban Plan 2040 and the Dubai Economic Agenda D33, which aim to integrate economic, social, and environmental development. The primary focus remains enhancing quality of life and fostering innovation.

Introducing the Real Estate Evolution Space Initiative (REES)

A cornerstone of DLD’s presentation was the Real Estate Evolution Space Initiative (REES). This groundbreaking effort seeks to transform Dubai’s real estate market through advanced technologies and artificial intelligence. Dr. Al Burai explained that REES is designed to create a transparent, efficient, and innovative real estate ecosystem. By doing so, it aims to attract global investors, introduce novel investment products, and elevate the overall investment experience.

Emphasizing Blockchain and Tokenization in Real Estate

Dr. Al Burai also unveiled the “Real Estate Tokenization” initiative, a revolutionary approach to real estate investment leveraging blockchain technology. This innovation allows investors to access flexible, secure investment opportunities. Sustainability and resilience remain integral to the Dubai Real Estate Strategy 2033, ensuring future-ready communities and developments capable of addressing challenges like climate change.

‘20-Minute City’ Model: A Blueprint for Urban Mobility

As part of its forward-thinking vision, Dubai is implementing the ‘20-Minute City’ concept. Dr. Al Burai elaborated on how this model ensures sustainable mobility and convenient access to essential services. The initiative aligns with DLD’s broader strategy to promote inclusivity and foster collaboration with the private sector, encouraging the development of innovative projects tailored to the needs of diverse communities.

Driving Digital Transformation and Global Competitiveness

DLD’s presence at the ‘LiveableCitiesX’ Summit underscores its unwavering commitment to advancing real estate innovation. The department is fully aligned with the “Dubai Digital Strategy,” which seeks to achieve comprehensive digital transformation. This focus enhances Dubai’s global competitiveness and solidifies its position as a leader in the global real estate sector.