Monday 21 May 2018

DLD registration trustees offices net $12m in savings

DUBAI, July 17, 2017

Dubai Land Department (DLD) said the launch of the Real Estate Registration Trustees Offices has resulted in savings of Dh45 million ($12.2 million) annually through 18 offices across the emirate, reported state news agency Wam, citing a senior official.

The Real Estate Registration Trustees Offices are playing an important role in fulfilling the department’s vision of making Dubai the world’s premier real estate destination and a byword for innovation, trust and happiness, remarked Saad Abdulla Al Hammadi, the director of finance and administrative affairs at the DLD.
It has also confirmed that the offices contribute to an increased total yearly revenue through significant savings.

"The offices represented around 23 per cent of the department’s total revenues in 2015 and this figure increased to a record 33 per cent in 2016," remarked Al Hammadi.

The success of this experiment is clear and the service is increasingly popular with customers as it provides them with convenient services of the highest global standards," he noted.

Al Hammadi pointed out that the Registration Trustees Offices rely on national staff, with the offices bearing all direct and indirect costs to office owners.

The cost of sales’ services has been reduced by 53 per cent, while mortgage services and the mortgage clearance service now cost 67 per cent and 78 per cent less respectively, said the report.

One of the most important features of the offices is that they provide customers with services outside of the DLD’s official working hours, which ensures greater flexibility for clients and allows them to complete their transactions more conveniently, it added.

Tags: Dubai | Savings | DLD |

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