Saturday 7 December 2019

Dubai launches calculator to aid property purchase

DUBAI, July 23, 2019

Dubai Land Department (DLD) has launched the Manzili calculator, which displays all properties that match a customer's financial capabilities, including their location and space.

The calculator also offers the first search mechanism that is not solely based on the customer’s current financial situation, but also takes into account monthly savings capacity when generating results.

Sultan Butti bin Mejren, director general of DLD, said: “We found in this initiative one of the important tools to help us achieve our corporate goals. We will continue our efforts to develop partnerships and cooperation with the private sector as well as work together to provide a globally attractive investment environment, achieve the strategic objectives of the government in the real estate sector, and encourage investment in it by creating the ideal climate for real estate investors while striving to enhance the real estate sector’s contribution to the overall development of the Emirate.”

Majida Ali Rashid, CEO of the Promotion and Real Estate Investment Management Sector at DLD, stressed that the Manzili initiative aims to provide real opportunities for employees of different nationalities working in the UAE and enable them to purchase homes that match their needs.

Rashid added: “This innovative initiative was based on facts set in place by real estate companies and the Emirate's public investment landscape that anyone can buy the right home, find a home financing plan, or even start saving to purchase a property. Our sponsorship and support of this initiative proves that DLD welcomes all ideas and suggestions that contribute to highlighting the attractiveness of our real estate market, stimulating all investors to enter the market according to their needs and investment aspirations.”

The Manzili initiative provides exceptional real estate opportunities for young government and private sector employees according to their monthly incomes and takes into account their needs and aspirations for the future, which enhances their culture of saving and supports their investment decisions.

The Manzili team will hold awareness workshops on financial management and real estate investment, where employees may communicate and coordinate with them to determine the most appropriate time to hold such workshops. – TradeArabia News Service


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