Muhammed BinGhatti: DLD’s New Mortgage And Finance Law Is A Wise Initiative

 In an initiative to strategically diversify and stimulate the real estate investments in Dubai, the Dubai Land Department (DLD) has recently unveiled a new mortgage and finance law aimed at attracting foreign investment portfolios, which will catalyze opportunities for partnerships and investments’ financing in the real estate sector.

Sharing his thoughts on the newly developed law, Muhammad BinGhatti, CEO and Head of Architecture at Binghatti Developers said: “This initiative will enable many Dubai-based real estate developers to create additional investment partnerships and projects boosting the Dubai’s real estate market which has significantly been improving. We expect this initiative to have a positive impact on the sector as it would enable local real estate companies to exchange experiences with various foreign ones. This will extensively improve services and products and modernize investment streams to strengthen the sustainability of investments in the market.”

“This initiative is expected to raise the money value in the market and make the economic environment a more attractive, competitive, and innovative one. Under the current context of security and economic stability in Dubai, this initiative will provide all the means to facilitate the financing of residential units’ purchases by investors of all sizes” added BinGhatti.

BinGhatti added: “This initiative is in line with the Dubai Plan 2021, which aims to make of Dubai one of the best cities in the world as it celebrates the UAE’s 50th anniversary. The development of mortgage and finance systems in the real estate sector will allow local developers to create partnerships with various foreign companies willing to invest funds in Dubai. ”

Muhammad BinGhatti concluded by stating: “The vision and leadership of H.H Sheikh Mohammed bin Rashid Al Maktoum, UAE’s Vice President, Prime Minister and Ruler of Dubai, ensures the continuous growth and maturation of Dubai’s real estate sector.”