Dubai Land Department attends World Bank anti-poverty drive

April 29, 2014 10:03 am

Dubai Land Department (DLD) has attended an important summit in the United States on the issue of tackling global poverty. The government organisation was invited to the World Bank forum, held in the capital city of Washington DC, to share its views gained from its extensive experience of the property sector, which has led it to be placed it at number four on the World Bank’s Doing Business Index –Registering Property.

Heading the DLD delegation for the four-day conference was HE Sultan Butti Bin Mejren Director General of DLD. He was accompanied by Majida Ali Rashid, Assistant Director General and Head, Real Estate Investment Management and Promotion Centre – the investment arm of DLD – along with a number of department directors at DLD.

“The official invitation that we received to participate in this important global event is a recognition of our achievements in all aspects of real estate,” said Sultan Butti Bin Mejren, Director General of DLD. “Our vast experience of the subject has resulted in the World Bank seeking our input on the best ways to contribute to the well-being of the global community. In particular, the World Bank requested our expertise on the issue of land governance, as they feel that this is one of the most important ways they can combat poverty, particularly in third world countries,” he added.

Over 1,500 participants attended the fifteenth instalment of the World Bank conference, with attendees representing governments, civil society organisations, educational establishments and private sector institutions. A number of topics were addressed at the annual forum, including the best way of utilising international experiences regarding land registration, how to manage landscapes in urban areas, methods of attracting responsible investments that achieve local benefits, the means of effectively managing shared resources and how to maximise the benefits of spatial data.

DLD’s experience at the forum was utilised to stress the importance of effective real estate registration to promote confidence in the real estate sector, which in turn attracts foreign investment that can help impoverished communities. The DLD delegation was able to highlight modern technologies used internally for its real estate registration processes; systems such as ‘E-mart,’ which provides a reliable mechanism for the UAE government to display and sell real estate. The department also presented its Registration Trustee scheme, which has contributed significantly in the reduction of time taken to register property through its 13 offices for real estate registration.

“We feel honoured to have been invited to participate in this extremely important international conference that is dedicated to combating poverty and assisting communities,” said Majida Ali Rashid, Assistant Director General and Head, Real Estate Investment Management and Promotion Centre, DLD. “DLD’s advances in the field of real estate are globally recognised, with our accepted model of real estate leadership including the continuous launching of projects that ensure we attract more investment. Ultimately, our strategy is to encourage investors to put Dubai at the forefront of their choices as an international destination,” she added.

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Wajd Breek
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