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Players across the real estate value chain are partners in the project including developers, banks and relevant government entities.
Emirates Real Estate Solutions, the technical arm of Dubai Land Department, is developing and implementing the project in partnership with leading technology providers.
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Dubai Land Department (DLD) has announced plans for the Real Estate Self Transaction (REST), a platform for conducting real estate trading and transactions with multiple parties anywhere and anytime.
The new platform, part of DLD's contribution to the Dubai 10X initiative, enables the complete digital management of real estate transactions, eliminating paper documents and reducing brokerage procedures, a statement said.
By linking the owner directly to the bank through a smart application, customers can more easily access mortgage services.
Neither party will need to be physically present as all property data is available online.
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