Dubai’s real estate sector has witnessed a massive boom in the last couple of decades following the emirate’s flourishing economy. The thriving of this sector did not come by chance, as rigorous legislations and regulations; massive investments; and visionary leadership all contributed to the rise of investments in Dubai property to the vanguard of real estate in the GCC.

Dubai real estate statistics are not the only ones to exhibit great numbers; the real estate market within the United Arab Emirates has seen increased demand for luxury properties. According to Statistica, this is mainly due to a surge in high-net-worth individuals seeking investment opportunities in the UAE, whose real estate market is expected to reach US$0.68tn by 2024. Real estate trends in Dubai show a clear preference for residential properties, expected to hold a market volume of US$0.39tn also in 2024, according to the same source. As for the projected annual growth rate, 2.25% is foreseen between 2024 and 2029, with a market volume of US$0.76tn by 2029.

In light of such promising growth, the real estate sector in Dubai required close monitoring and overseeing; a role diligently performed by the Dubai Land Department.

Understanding DLD Transactions

Founded in January 1960, the Dubai Land Department offers multiple services within the real estate realm including information services, jointly-owned property services, real estate development services, real estate dispute services, real estate licensing services, real estate rental services, real estate residence services (Taskeen), real estate transaction services, and title deed data services. This article tackles real estate transaction services and its importance to investors and homeowners alike.

DLD's role in documenting real estate transactions

The Dubai Land Department (DLD) streamlines property transactions by playing a crucial role in property sales in Dubai, rental agreements, and everything in between. Having detailed and meticulous documentation of all transactions related to the real estate sector is key to success. As stakeholders have access to clearer information, they can make their decisions smoothly and ensure a foreseeable outcome. Here are some details on the role it plays in documenting property transactions which include buying and selling, rental protocols, and inquiries and complaints.

Procedure for Buying and Selling

The DLD has set forth specific protocols that must be followed when purchasing or selling an apartment or plot.

1- The buyer and seller sign a Memorandum of Understanding (MoU) and pay a deposit.

2- A ‘No Objection Certificate’ (NOC) is acquired from the developer.

3- The final transaction is performed at DLD, and the change of ownership is officially registered.

Rental Processes and Landlord-Tenant Relations

Landlords and tenants must also abide by LDL regulations to facilitate rental relationships. As such, all rental contracts are registered in the Ejari system after it is ensured that they comply with the legal standards. The Rental Dispute Settlement Centre at the DLD handles rental disputes by offering judicial services to help resolve issues and enforce fair rulings.

Inquiries and Complaint Handling

In purchasing or renting, many inquiries and complaints might arise; the DLD’s customer service handles those efficiently. Inquiries or complaints can be submitted through various channels: DLD’s website, customer service centers, or the Dubai REST app.

Types of transactions covered

• Sale Registration: ‍This service at the Dubai Land Department registers a full or partial sale transaction between the seller and the buyer, or their legal representatives, upon the purchase of land or property regardless of whether the real estate in question is complete or still under construction.
• ‍Mortgage Registration: This service registers all types of property mortgages for the benefit of the financier to guarantee the property owner’s rights.
• Leasehold: This service registers the sale of a usufruct (leasehold) right. For long-term leases, the beneficiaries can benefit from a property owned by others for up to 99 years. They can also opt for a Musataha registration, thus constructing a building on the property and using it for up to 50 years.

Why Is Monitoring Real Estate Transactions Crucial?

In addition to the services mentioned above, the Dubai Land Department offers regular reporting on real estate transactions which includes the number of registered sales and mortgages, the valuation of property, trending neighborhoods, and recent data on the market. Monitoring Dubai property transactions is primordial on multiple fronts. This is mainly important for governmental entities on the one hand and buyers and investors on the other.

Such data can prove invaluable in governmental urban planning and policy-making. Having reliable and clear information will permit the authorities to gauge which areas are witnessing the most substantial growth and build policies to meet the needs of these areas. This data also will help in tuning urban planning policies based on real-life information; ensuring cities are sustainable and follow the path charted by the authorities.

When it comes to investors and home buyers, having reliable data on real estate transactions will help them make data-driven decisions, understand the areas within the UAE better, and understand the current property valuation. When venturing into the real estate sector of any country, investors and home buyers alike look to have reliable information that guides them along the path of choosing the property location and type. This is where real estate trends in Dubai provided by DLD come in handy.

How to Access and Interpret DLD Transaction Data

The real estate transaction data, compiled by Dubai Land Department can be easily accessed on the entity’s website. There you can set the parameters of your search easily and the data will be automatically pulled. You will also have the opportunity to search by community/area and property type; to have a more granular look at real estate trends in Dubai. You can also find on this page data from the past few days as well as overall stats on the Dubai real estate market in 2024.

When it comes to interpretation, you can use this rich data to build your daily real estate market report for Dubai or find the information that you need to make your decision.

All data sourced from Dubai Land Department transaction records.

All information posted is merely for educational and informational purposes. It is not intended as a substitute for professional advice. Should you decide to act upon any information on this website, you do so at your own risk.

While the information on the website has been verified to the best of our abilities, we cannot guarantee that there are no mistakes or errors.

We reserve the right to change this policy at any given time, of which you will be promptly updated. If you want to make sure that you are up to date with the latest changes, we advise you to frequently visit the page.

Frequently Asked Questions

1. What are Dubai real estate transactions, and why are they important?

Dubai real estate transactions are the agreements that are concluded and come into effect about land or properties. These transactions include sale, rent, and leasehold, and are recorded by DLD. It is important to have a record of these transactions because it provides concrete data on the trends of this crucial sector in the Dubai economy as well as assists in decision-making.

2. How often does the Dubai Land Department update real estate transaction data?

Data offered by Dubai Land Department is updated daily and all numbers are displayed in real time.

3. What types of property transactions does the DLD record?

Dubai Land Department, DLD records all types of property transactions which include but aren’t limited to sale, rent, leasehold, and transfer of ownership.

4. What information is included in a DLD transaction report?

The DLD real estate transaction reports displayed on their website include the value and number of transactions conducted either through sale, mortgage, or gift. It also shows the details of these transactions in terms of region, property description, sale sequence, number of transactions, total area, value per square meter, and total worth.

5. Why should investors track daily Dubai real estate transactions?

Data plays a crucial role in all investment decisions. This is where the Daily Real Estate Market Report Dubai provided by DLD comes into play. Investors will know how the sector is faring, which transactions are trending, which areas are more in demand, current valuations, and other important insights that will help them make data-driven decisions.