Danube Properties and DLD sign an agreement to offer instant onsite Initial Sale Contract to customers

Danube Properties and DLD sign an agreement to offer instant onsite Initial Sale Contract to customers

Dubai, UAE: In a historic development, Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic private real estate developers, signed a landmark agreement with Dubai Land Department to deliver on-site Initial Sale Contract (Oqood) almost instantly.

Once the necessary processes are completed, Oqood will be delivered instantly to Danube property buyers as compared to a longer standard process – saving time, hassle, and steps for investors – offering the highest level of customer happiness.

The agreement reflects Dubai Land Department’s growing confidence and trust in Danube Properties – which has emerged as one of the fastest-growing real estate developers having launched and sold six projects in a year from January 2022.

The move comes as Dubai Land Department - Real Estate Registration Sector - strengthens its service delivery to real estate buyers and will go a long way in strengthening investor confidence in Dubai’s real estate sector which has seen property transaction value jump 76.5 percent to Dh528 billion last year, compared to Dh300 billion in 2021.

Majid Saqr Abdullah Al-Marri, Chief Executive Officer of Real Estate Registration Sector at Dubai Land Department, said, the move is in line with Dubai Government’s vision to offer the best and most seamless