Latest news with #DubaiEconomicAgendaD33
Hi Dubai
12 hours ago
- Business
- Hi Dubai
Dubai Land Department and Masdar City Sign Deal to Allow Free Zone Companies to Own Property in Dubai
The Dubai Land Department signed a memorandum of cooperation with Masdar City, aiming to enable companies and establishments operating in the free zones under Masdar City to own land plots and properties under the freehold ownership system in Dubai, within a clear and comprehensive regulatory framework. This step is part of Dubai Land Department's efforts to enhance the competitiveness of the emirate's real estate market and expand the investor base by creating new opportunities for free zone companies, in line with the objectives of the Dubai Real Estate Strategy 2033. The MoC was signed by Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, and Ahmed Baghoum, Chief Executive Officer of Masdar City, during an official ceremony held in Dubai, in the presence of several directors from both sides. Majid Al Marri said: 'We continue to expand access to Dubai's freehold market through collaborative models that enhance the integration of the real estate ecosystem across the UAE. Enabling companies registered in free zones to own property in the emirate aligns with our vision of building a more open investment environment that offers diverse ownership options. We consider this a strategic step that adds significant value to the objectives of the Dubai Economic Agenda D33 by diversifying the investor base and stimulating new investment flows that contribute to market growth and sustainability, all in line with our leadership's vision of making Dubai the best city in the world to live and work.' Ahmed Baghoum said: "This initiative highlights Masdar City's commitment to supporting businesses with innovative solutions that address their needs. By simplifying property registration processes for companies operating within Masdar City's Free Zones, we are enabling them to expand their operations seamlessly while contributing to the UAE's long-term growth. This partnership highlights our shared vision with DLD to create a business-friendly environment and reinforces Masdar City's position as a global hub for innovation and investment." Under this memorandum, both parties will collaborate on developing an integrated framework that includes clear eligibility criteria for establishments, along with the legal and administrative procedures required to complete the registration process. The cooperation will also ensure direct coordination between the Dubai Land Department and the Free Zone Authority to simplify and expedite procedures, enable smooth data exchange, and implement an advanced digital system for online applications, request tracking, and document verification, enhancing accuracy and transparency. Additionally, the partnership will provide guidance and support to companies, enabling them to understand the legal and procedural requirements better and ultimately fostering an environment that encourages ownership and investment. This collaboration aims to support companies' expansion plans by providing practical solutions that facilitate their entry into Dubai's real estate market, one of the most dynamic and thriving markets in the region. It also reflects Dubai Land Department's commitment to adopting open policies that enhance market flexibility, support national efforts to attract high-quality investments, and contribute to building a more integrated business environment across the UAE. News Source: Cicero & Bernay Communications
Entrepreneur
13 hours ago
- Business
- Entrepreneur
New DLD-Masdar City Deal Unlocks Freehold Property Access for Free Zone Companies
By enabling free zone companies to invest directly in Dubai's real estate market, the partnership is expected to accelerate business expansion, attract high-quality investment, and foster greater integration within the UAE's business ecosystem. You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. The Dubai Land Department (DLD) has partnered with Masdar City to allow companies operating within Masdar City's free zones to own land and properties in Dubai under the freehold ownership system. This strategic move aligns with the objectives of the Dubai Real Estate Strategy 2033 and forms part of DLD's wider efforts to expand investor participation and boost the emirate's real estate competitiveness. The memorandum of cooperation was signed by Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, and Ahmed Baghoum, CEO of Masdar City, during an official ceremony in Dubai attended by senior representatives from both entities. "We continue to expand access to Dubai's freehold market through collaborative models that enhance the integration of the real estate ecosystem across the UAE," Al Marri said. "Enabling companies registered in free zones to own property in the emirate aligns with our vision of building a more open investment environment that offers diverse ownership options. This is a strategic step that adds significant value to the Dubai Economic Agenda D33 by diversifying the investor base and stimulating sustainable growth." Ahmed Baghoum added, "This initiative highlights Masdar City's commitment to supporting businesses with innovative solutions tailored to their growth needs. By simplifying property registration for companies in our free zones, we are helping them scale operations more efficiently while contributing to the UAE's long-term economic vision. This partnership also reinforces Masdar City's position as a global hub for innovation and investment." As part of the MoC, DLD and Masdar City will develop an integrated regulatory framework outlining clear eligibility criteria and streamlined legal and administrative procedures for property registration. The cooperation will also promote data sharing, digitalization of application and verification processes, and real-time request tracking—boosting efficiency, accuracy, and transparency. The initiative will further provide guidance and support to companies to navigate the property ownership process, creating a more accessible and investor-friendly environment. By enabling free zone companies to invest directly in Dubai's real estate market, the partnership is expected to accelerate business expansion, attract high-quality investment, and foster greater integration within the UAE's business ecosystem.
Emirates 24/7
13 hours ago
- Business
- Emirates 24/7
Dubai Land Department, Masdar City Sign Memorandum of Cooperation
Dubai Land Department signed a memorandum of cooperation with Masdar City, aiming to enable companies and establishments operating in the free zones under Masdar City to own land plots and properties under the freehold ownership system in Dubai, within a clear and comprehensive regulatory framework. This step is part of Dubai Land Department's efforts to enhance the competitiveness of the emirate's real estate market and expand the investor base by creating new opportunities for free zone companies, in line with the objectives of the Dubai Real Estate Strategy 2033. The MoC was signed by Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, and Ahmed Baghoum, Chief Executive Officer of Masdar City, during an official ceremony held in Dubai, in the presence of several directors from both sides. Majid Al Marri said: 'We continue to expand access to Dubai's freehold market through collaborative models that enhance the integration of the real estate ecosystem across the UAE. Enabling companies registered in free zones to own property in the emirate aligns with our vision of building a more open investment environment that offers diverse ownership options. We consider this a strategic step that adds significant value to the objectives of the Dubai Economic Agenda D33 by diversifying the investor base and stimulating new investment flows that contribute to market growth and sustainability, all in line with our leadership's vision of making Dubai the best city in the world to live and work.' Ahmed Baghoum said: "This initiative highlights Masdar City's commitment to supporting businesses with innovative solutions that address their needs. By simplifying property registration processes for companies operating within Masdar City's Free Zones, we are enabling them to expand their operations seamlessly while contributing to the UAE's long-term growth. This partnership highlights our shared vision with DLD to create a business-friendly environment and reinforces Masdar City's position as a global hub for innovation and investment." Under this memorandum, both parties will collaborate on developing an integrated framework that includes clear eligibility criteria for establishments, along with the legal and administrative procedures required to complete the registration process. The cooperation will also ensure direct coordination between the Dubai Land Department and the Free Zone Authority to simplify and expedite procedures, enable smooth data exchange, and implement an advanced digital system for online applications, request tracking, and document verification—enhancing accuracy and transparency. Additionally, the partnership will provide guidance and support to companies, enabling them to understand the legal and procedural requirements better and ultimately fostering an environment that encourages ownership and investment. This collaboration aims to support companies' expansion plans by providing practical solutions that facilitate their entry into Dubai's real estate market, one of the most dynamic and thriving markets in the region. It also reflects Dubai Land Department's commitment to adopting open policies that enhance market flexibility, support national efforts to attract high-quality investments, and contribute to building a more integrated business environment across the UAE.
Zawya
14 hours ago
- Business
- Zawya
Masdar City free zone companies free to buy properties in Dubai
Dubai Land Department has signed an MoU with Masdar City, aiming to enable companies and establishments operating in the free zones under the mega Abu Dhabi development to own land plots and properties under the freehold ownership system in Dubai, within a clear and comprehensive regulatory framework. This comes as part of Dubai Land Department's efforts to enhance the competitiveness of the emirate's real estate market and expand the investor base by creating new opportunities for free zone companies, in line with the objectives of the Dubai Real Estate Strategy 2033. The deal was signed by Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, and Ahmed Baghoum, Chief Executive Officer of Masdar City, during an official ceremony held in Dubai, in the presence of several directors from both sides. Al Marri said: "We continue to expand access to Dubai's freehold market through collaborative models that enhance the integration of the real estate ecosystem across the UAE. Enabling companies registered in free zones to own property in the emirate aligns with our vision of building a more open investment environment that offers diverse ownership options." "We consider this a strategic step that adds significant value to the objectives of the Dubai Economic Agenda D33 by diversifying the investor base and stimulating new investment flows that contribute to market growth and sustainability, all in line with our leadership's vision of making Dubai the best city in the world to live and work," he stated. Under this MoU, both parties will collaborate on developing an integrated framework that includes clear eligibility criteria for establishments, along with the legal and administrative procedures required to complete the registration process. The co-operation will also ensure direct co-ordination between the Dubai Land Department and the Free Zone Authority to simplify and expedite procedures, enable smooth data exchange, and implement an advanced digital system for online applications, request tracking, and document verification - enhancing accuracy and transparency. Additionally, the partnership will provide guidance and support to companies, enabling them to understand the legal and procedural requirements better and ultimately fostering an environment that encourages ownership and investment. Baghoum said: "This initiative highlights Masdar City's commitment to supporting businesses with innovative solutions that address their needs. By simplifying property registration processes for companies operating within Masdar City's Free Zones, we are enabling them to expand their operations seamlessly while contributing to the UAE's long-term growth." "This partnership highlights our shared vision with DLD to create a business-friendly environment and reinforces Masdar City's position as a global hub for innovation and investment," he added.- TradeArabia News Service
Gulf Today
3 days ago
- Business
- Gulf Today
New initiative to ease doing business in Dubai's free zone
The Dubai Free Zones Council (DFZC), today announced the successful implementation of the One Freezone Passport, a ground-breaking initiative aimed at enhancing the ease of doing business across Dubai's free zones. The initiative provides businesses with seamless access to multiple free zones while maintaining a single licence. This milestone underscores Dubai's commitment to fostering an agile and investor-friendly business environment, aligning with the objectives of the Dubai Economic Agenda D33. Building on this momentum, Dubai World Trade Centre Authority (DWTCA), which operates Dubai World Trade Centre Free Zone (DWTC Free Zone), has welcomed the global luxury brand Louis Vuitton as the first company to leverage this pioneering initiative. The global luxury leader will now maintain its warehouse operations in Jebel Ali Free Zone (JAFZA) while establishing its corporate office at One Za'abeel, part of DWTC Free Zone. This development highlights the programme's effectiveness in streamlining business expansion across Dubai's economic zones. The streamlined free zone licence expansion process, completed in just five days, showcases Dubai's unparalleled efficiency in business setup and operational facilitation. This achievement aligns with the Dubai Economic Agenda D33's objectives of establishing Dubai as a premier global destination for business setup and expansion. Dr. Juma Al Matrooshi, Assistant Secretary General at Dubai Free Zones Council, said, 'The One Freezone Passport is a transformative initiative that cements Dubai's position as a global economic powerhouse. By enabling businesses to expand seamlessly across our world-class free zones, we are reinforcing Dubai's reputation as a premier investment destination. The swift and successful onboarding of Louis Vuitton through this program exemplifies the efficiency and attractiveness of Dubai's regulatory framework for international businesses.' Abdalla Al Banna, Vice President of Free Zone Regulatory Operations at DWTC, said, 'The successful onboarding of Louis Vuitton, one of the world's most prestigious luxury brands, through the citywide One Freezone Passport initiative demonstrates both the calibre of businesses Dubai continues to attract and our commitment to fostering an efficient business environment. The company's decision to expand operations into DWTC Free Zone from JAFZA reinforces international confidence in Dubai's business ecosystem. This innovative programme from Dubai Free Zones Council enhances Dubai's attractiveness for global enterprises by enabling seamless operations across the city's free zones, actively contributing to Dubai's vision of becoming the world's leading destination for international investment and business setup.' Amna Al Ali. Vice President, Licensing and Registration at Jebel Ali Free Zones, reconfirmed that the One Freezone Passport initiative represents a transformative approach to free zones operations in Dubai. The programme enables companies licensed at a single free zone to benefit from facilities located in other free zones across the emirate without requiring additional licensing. This innovative framework supports Dubai's vision by allowing companies to expand their operational footprint through a streamlined and fast-paced process, enhancing the emirate's competitive advantage in the global business landscape. The successful implementation of Louis Vuitton's expansion reinforces DWTC Free Zone's position as a catalyst for business growth and innovation in Dubai. The initiative builds on Dubai's successful track record of implementing forward-thinking programmes that drive economic growth, strengthening the emirate's position as a global economic hub while enhancing operational efficiency for international businesses. Through these combined efforts, Dubai continues to attract and retain global business leaders across various sectors, reinforcing its status as a premier destination for international commerce. The DWTC Free Zone offers a competitive and robust ecosystem, set within a regulated environment. Home to global companies, SMEs innovators, and entrepreneurs across over 40 diverse sectors, the DWTCA Free Zone offers a dynamic and business-friendly environment in the heart of the city with a key focus on offering tailor-made services to meet wide-ranging tenant requirements. WAM
