Dubai Land Department and Dubai Chambers sign agreement to boost rental market – The National

Dubai Land Department and Dubai Chambers sign agreement to boost rental market – The National

Dubai Land Department has signed a preliminary agreement with Dubai Chambers to enhance the investment environment and transparency in the emirate's rental property market.

The agreement will allow business councils and groups under the umbrella of Dubai Chambers to own and rent real estate and offices in the emirate to support the business community, the entities said on Monday.

The partnership complements Dubai Chambers’ 2022-2024 strategy and continuing efforts to boost confidence in the real estate sector, which remains a vital pillar of the emirate’s economy, said AbdulAziz Al Ghurair, chairman of Dubai Chambers.