Dubai clamping down on fake real estate adverts
Dubai is setting down on fake real estate announcements with a new system aimed to boost property investment in the megacity.
The Dubai Land Department will use QR canons to corroborate details of property on all print and audio-visual announcements as it aims to cut down on deceiving announcements.
The service, known as Madmoun, was published by the DLD, through the Real Estate Regulatory Agency( RERA).
Dubai real estate adverts Accessible through the Trakheesi System, Madmoun will use QR Code technology for any real estate announcement permit, as part of DLD’s ongoing sweats to modernise and develop real estate governance procedures and enhance investor confidence. Effective from April 24, all real estate companies are anticipated to feature the QR law on their print and audio-visual announcements.
The law enables guests to snappily and fluently corroborate the announcement’s authenticity and validity, icing that it has been approved by RERA.
also, guests can pierce the Dubai Land Department website to view the complete announcement information, including details about the advertising company, the property’s condition and specifications.
The link can be secured to help any revision to the data.
Marwan bin Ghalita, CEO of RERA at DLD, said “ The service aligns with DLD’s strategy to make Dubai ‘ The World leader in Real Estate Investments ’ by employing technology to develop real estate products according to the directives of the wise leadership.
“ It also supports DLD’s accreditation of achieving the pretensions of the Dubai Economic Agenda ‘D 33, ’ which was launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to induce new profitable value from digital metamorphosis towards achieving His Tallness ’ vision of consolidating Dubai’s position as a global capital of the digital frugality and a crucial player in the global digital system.
” He added, “ We’re constantly keen on enhancing and icing translucency in the real estate sector.
We’ll continue to empower the real estate community with visionary and streamlined real estate services and integrated data, grounded upon a pioneering digital structure and good human configurations.
“ This will help achieve sustainability in the development and growth of the real estate sector, keeping pace best- transnational practices and norms and situating Dubai as a pioneering model in this field ”.
DLD guests can overlook the QR law on each real estate announcement to get a regard of the property’s authorised details and establish if it has been vended or rented.
Real estate companies can spark the QR law through the Trakheesi system. RERA confirms that real estate companies must cleave to this service to help them from being subject to any violation performing.
As part of its charge to enhance mindfulness and confidence within the real estate community, DLD explosively advises all guests and investors to only engage with real estate announcements that feature the QR Code to insure the protection of their rights and help their exposure to any fraudulent or unreliable deals.
