Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, approved the plan for the new entity recently
Abu Dhabi will soon build a new centre that will unify all real estate services and streamline property-related procedures. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the plan for the new entity, which will fall under the emirate's Department of Municipalities and Transport (DMT).
The Abu Dhabi Real Estate Centre is expected to boost the efficiency of real estate regulation and oversight, ensuring an attractive investment environment in the emirate. It also aims to bolster the real estate sector's role in supporting economic growth by contributing to non-oil GDP. “All roles and responsibilities related to real estate affairs will now be transferred to the unified entity,” according to the Abu Dhabi Government Media Office. A number of other responsibilities were listed as part of the centre’s goals.
The approval of the real estate centre plan comes as Sheikh Khaled bin Mohamed bin Zayed chaired an Abu Dhabi Executive Council meeting, where he also endorsed a new child protection policy for the emirate. The emirate’s Crown Prince also reviewed the latest updates on government plans, initiatives, and projects.
