Abu Dhabi will improve the real estate industry’s efficiency and transparency.

In a bold move to transform the real estate landscape of Abu Dhabi, the Abu Dhabi Real Estate Centre (ADREC) has established groundbreaking partnerships with two leading real estate portals, Bayut and Dubizzle, as well as Property Finder, through a Memorandum of Understanding (MoU).

Elevating Openness and Efficiency

Rashed Al Omaira, Acting Director General of ADREC, expressed immense satisfaction in the signing of these pivotal MoUs, underscoring ADREC’s commitment to fostering collaboration with both public and private entities. This strategic initiative highlights ADREC’s dedication to creating an integrated ecosystem that positions Abu Dhabi as a premier investment destination. Al Omaira emphasized the importance of delivering innovative services, adaptive legislation, and transparent data accessibility to empower stakeholders in making well-informed investment decisions.

Providing Accurate and Transparent Information

The partnership aims to ensure that consumers receive precise, consistent, and reliable information related to property purchases by leveraging the capabilities of the partnering platforms. ADREC aims to streamline the customer journey and elevate transparency standards within the real estate market, thus bolstering investor confidence.

Driving Sector Growth and Transparency

The MoUs are designed to elevate the standards of the real estate market in Abu Dhabi by introducing advanced solutions for stakeholder security, providing transparent data to customers, and fostering industry expansion. This collaborative effort will include seminars and training sessions for industry professionals to ensure compliance with regulatory frameworks and enhance market intelligence. Moreover, it will facilitate the promotion of real estate services domestically and internationally, while prioritizing transparency and adherence to Abu Dhabi’s Real Estate Regulatory Law.

Data-Driven Insights for Informed Decision-Making

The partnership will leverage data-driven cooperation to provide stakeholders with valuable insights that facilitate investment decision-making and enhance transparency within the real estate sector. By harnessing the power of data analytics, the partners aim to empower investors and industry professionals with the information needed to navigate the market effectively.

Enthusiastic Endorsements from Industry Leaders

Haider Ali Khan, CEO of Bayut and Dubizzle, expressed enthusiasm for the collaboration, emphasizing its potential to drive innovation, transparency, and sustainable growth within the real estate sector. Similarly, Fouad Bekkar, Group Vice President – Data & A.I. at Property Finder, highlighted the significance of the partnership in advancing Abu Dhabi’s vision for a trusted and transparent real estate market.

In conclusion, the strategic partnerships between ADREC, Bayut, Dubizzle, and Property Finder signify a pivotal step towards transforming Abu Dhabi’s real estate landscape. By prioritizing openness, efficiency, and transparency, these collaborations are poised to propel the sector towards sustainable growth and prosperity.

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