Monday, November 18, 2013

Dubai Land Department auctions 17 key properties on its smart portal eMart

The smart real estate portal eMart of the Dubai Land Department has placed 17 major properties, including residential and commercial projects, across the emirate for an online auction on 4th December.

Being the first portal of its kind in the region, eMart contributes to advancement of real estate sector, which is lifeblood of Dubai’s economy and better customer services in the sector.

The properties auctioned are both residential and commercial, and the listings offer detailed list of attributes including detailed maps, so that the trader can discover various aspects of the property, within the vision of the department to simplify and facilitate all procedures for real estate operators and stakeholders.

The Director General of Dubai Land Department, Sultan Butti Bin Mejren, said the new policies and plans are entirely focused on pushing real estate sector forward. The eMart represents latest initiatives of Dubai Land Department, and includes several unique advantages, channels and features that facilitate all real estate processes for stakeholders in this sector.

eMart is play a vital role in improving the size of property transactions in the emirat. The initial offering of 17 properties indicates the transparency and security of eMart, pointing to increased real estate operations and transactions in the future, bin Mejren said.

He emphasized that the department aims to develop initiatives that enhance the performance of the site as per the current requirement.

Among the real estate services offered by eMart are auction, purchase, sale and rental of properties through Ejari with option to immediately hold on the property, while viewing the details.

It provides the ability to complete the purchase of property easily through Dubai Land Department, and facilitates payment through Noqodi.

The government’s decision to move towards smart governance by offering maximum use of information technology to provide government services to nationals, visitors, residents, businesses and government departments across multiple electronic channels is a modern outlook well appreciated, said bin Mejren.
The online property auction system is a clear example of transparency and competitiveness, as bids are placed over mobile phones or other internet-enabled devices and therefore, the launch of eMart is an embodiment of going smart, inline with requirements of Dubai Government’s strategy.

The website aims to serve as a unified portal, and an umbrella for all major operations of selling, buying and renting in real estate market of Dubai, taking into consideration the protection of dealer interests across the board, while also assuring rights of all parties.

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