Latest news with #KhalidAlThani
Mid East Info
30-04-2025
- Business
- Mid East Info
Dubai Land Department collaborates with ‘Dubai Awqaf' to strengthen the competitiveness of the foundation's real estate portfolio
Majid Al Marri: The collaboration reflects our commitment to empowering government partnerships, serving the public interest, and supporting the emirate's vision to be a global model in real estate management. Khalid Al Thani: The collaboration enhances the development of endowment properties to ensure their sustainability and investment in line with best practices. Under the memorandum, 'Awqaf Dubai' properties will be valued and classified according to the Building Classification Project developed by DLD. The Building Classification Project uses five criteria to achieve the highest levels of survey accuracy: engineering and technical standards, sustainability, documentation, health and safety, and management and finance. Dubai, United Arab Emirates, April 2025: Dubai Land Department (DLD) signed a memorandum of collaboration with the Awqaf and Minors Affairs Foundation (Awqaf Dubai). The aim is to develop the properties within the foundation's real estate portfolio and enhance their competitiveness in the emirate's real estate market. This will be achieved through the Department's Building Classification Project, strengthening cooperation across various areas of mutual interest. The memorandum was signed at the DLD's headquarters by Mr. Majid Al Marri, CEO of the Real Estate Registration Sector at the Dubai Land Department, His Excellency Khalid Al Thani, Deputy Secretary General, several division managers from AWQAF Dubai, and several CEOs from both sides. The areas of collaboration under the memorandum include evaluating the properties of the Awqaf and Minors Affairs Foundation and classifying them according to the standards approved by the Dubai Land Department. It also encompasses revaluing the foundation's properties to upgrade their classification following improvements made to the targeted properties. The memorandum also enables inquiry services for all lands and properties belonging to deceased individuals, minors, and those under similar legal status, with access to all related documents. Majid Al Marri said: 'Our collaboration with the Awqaf and Minors Affairs Foundation reflects our ongoing commitment to strengthening partnerships among government entities in the emirate, serving the public interest, and supporting Dubai's vision of becoming a global model in real estate management, including the management of endowment properties. Through this memorandum, we will work on developing and classifying the foundation's properties according to the highest standards, enhancing their competitiveness in the market. We will also provide advanced mechanisms to enable more efficient and transparent management of lands and properties belonging to deceased individuals and minors, which aligns with our commitment to offering innovative services that meet the community's aspirations. This collaboration will foster greater government integration, help us achieve our shared goals of promoting real estate sustainability, and support the national economy fully aligned with Dubai's vision of building a brighter future for future generations.' For his part, Khalid Al Thani emphasised that the collaboration with the Dubai Land Department reflects the Foundation's commitment to enhancing opportunities for strategic cooperation, contributing to inclusivity and sustainability in foundation operations. Al Thani stated that the collaboration represents a step toward unifying joint efforts to provide proactive services and solutions to the Foundation's clients, including endowments and minors. It also strengthens the development and advancement of the Foundation's real estate assets. It supports the competitiveness of its real estate portfolio in the emirate's market by classifying properties according to engineering and technical standards and awarding each building the appropriate star rating it deserves. Al Thani added that, based on this classification, the Foundation will valuate and develop its buildings to ensure their sustainability and investment in line with best practices, while striving to achieve optimal returns in support of the objectives of endowers and minors. He noted that the memorandum will also contribute to establishing a shared system between both parties to facilitate access to endowment property data and streamline various requests, thereby enhancing the quality of services provided and presenting an integrated model of collaborative government work. Under the memorandum of collaboration, designated personnel from the Inheritance Department at the Foundation will be enabled to access Dubai Land Department's Ejari valuation system to verify rental contracts related to deceased individuals, minors, and those under similar legal status. The shared system between the Foundation and the Department will also be enhanced to allow for the issuance of specific orders, such as requests for cancellation studies, registration requests, endowment registration requests, and land valuation requests. In addition, users can view all detailed data related to endowments, including land coordinates and attachments. The system will also be further developed to streamline the process of approving the sale of assets belonging to minors and those under guardianship. It is worth noting that Dubai Land Department's Building Classification Project is based on five key criteria to achieve the highest levels of survey accuracy. These criteria include engineering and technical standards, sustainability, documentation, health and safety, and management and finance. Each criterion comprises a set of questions designed to extract detailed data and to assign each building the appropriate classification based on a star rating system ranging from 1 to 4 stars, with an additional 4+ rating for buildings that meet the highest standards of green sustainability. The classification also considers the available facilities and the quality of the building's maintenance, such as parking, elevators, air conditioning, façade quality, and more. The project offers a wide range of proactive services and solutions to serve real estate sector stakeholders, benefiting various groups, including investors, property owners, tenants, real estate developers, government entities, and private sector companies.
Zawya
29-04-2025
- Business
- Zawya
Dubai Land Department, Dubai Awqaf partner to strengthen foundation's real estate portfolio
Dubai Land Department has signed a Memorandum of Collaboration with the Awqaf and Minors Affairs Foundation to develop and enhance the foundation's real estate assets through DLD's Building Classification Project. The memorandum was signed at DLD headquarters by Majid Al Marri, CEO of the Real Estate Registration Sector, and Khalid Al Thani, Deputy Secretary-General of Awqaf Dubai, alongside other senior officials. The collaboration aims to evaluate and reclassify Awqaf Dubai's properties based on DLD's approved standards, upgrading assets following improvements. The agreement also enables inquiry services for lands and properties belonging to deceased individuals, minors, and those under similar legal status, with full access to supporting documentation. Al Marri said the initiative supports Dubai's vision to become a global benchmark in real estate management, including endowment property management. 'We aim to enhance property competitiveness and introduce efficient, transparent mechanisms for managing assets held by deceased individuals and minors. This reflects our commitment to innovation and government integration, aligned with Dubai's long-term economic and sustainability goals,' he added. Al Thani noted the collaboration underscores Awqaf Dubai's dedication to strategic partnerships that promote inclusivity and sustainable asset management. He said the classification system will enable the foundation to better assess and upgrade its buildings, ensuring optimal returns in support of endowers and minors. The partnership will also establish a shared system for accessing endowment property data and processing requests, further enhancing service quality. DLD's Building Classification Project applies five key criteria: engineering and technical standards, sustainability, documentation, health and safety, and management and finance. Properties are rated from 1 to 4 stars, with a 4+ rating for top-performing green buildings. Factors such as maintenance quality, air conditioning, elevators, parking and façade condition are also evaluated. The project delivers proactive solutions for real estate stakeholders, benefiting investors, owners, tenants, developers, and both government and private sector entities.
Hi Dubai
29-04-2025
- Business
- Hi Dubai
Dubai Land Department Partners with Awqaf Dubai to Boost Property Competitiveness
Dubai Land Department (DLD) has signed a strategic memorandum of collaboration with the Awqaf and Minors Affairs Foundation to enhance the value and competitiveness of the foundation's real estate portfolio across the emirate. The agreement, signed at DLD headquarters by senior officials from both entities, will leverage the DLD's Building Classification Project to evaluate and upgrade properties held by the Foundation. This includes reclassifying buildings based on engineering, sustainability, safety, and management standards, ultimately improving their market positioning. The partnership also expands access to property data and services for endowment properties, particularly those tied to deceased individuals and minors. Designated personnel from Awqaf Dubai's Inheritance Department will be granted access to DLD's Ejari valuation system, enabling smoother verification of rental contracts and facilitating the issuance of key requests such as endowment registration and asset sale approvals. Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, said the collaboration aligns with Dubai's vision of becoming a global model in real estate management and enhances government integration in property-related services. Khalid Al Thani, Deputy Secretary General of Awqaf Dubai, highlighted the partnership as a step toward improving operational sustainability, boosting returns for endowers and minors, and raising the standard of foundation-owned properties through precise evaluation and targeted development. The DLD's classification system ranks buildings on a star rating from one to four, with an elite 4+ rating reserved for those meeting top-tier green sustainability benchmarks. The initiative is part of broader efforts to modernize property management and promote long-term real estate value in Dubai. News Source: Dubai Media Office
Emirates 24/7
29-04-2025
- Business
- Emirates 24/7
Dubai Land Department collaborates with ‘Dubai Awqaf' to strengthen the competitiveness of the foundation's real estate portfolio
Dubai Land Department (DLD) signed a memorandum of collaboration with the Awqaf and Minors Affairs Foundation (Awqaf Dubai). The aim is to develop the properties within the foundation's real estate portfolio and enhance their competitiveness in the emirate's real estate market. This will be achieved through the Department's Building Classification Project, strengthening cooperation across various areas of mutual interest. The memorandum was signed at the DLD's headquarters by Mr. Majid Al Marri, CEO of the Real Estate Registration Sector at the Dubai Land Department, His Excellency Khalid Al Thani, Deputy Secretary General, several division managers from AWQAF Dubai, and several CEOs from both sides. The areas of collaboration under the memorandum include evaluating the properties of the Awqaf and Minors Affairs Foundation and classifying them according to the standards approved by the Dubai Land Department. It also encompasses revaluing the foundation's properties to upgrade their classification following improvements made to the targeted properties. The memorandum also enables inquiry services for all lands and properties belonging to deceased individuals, minors, and those under similar legal status, with access to all related documents. Majid Al Marri said: "Our collaboration with the Awqaf and Minors Affairs Foundation reflects our ongoing commitment to strengthening partnerships among government entities in the emirate, serving the public interest, and supporting Dubai's vision of becoming a global model in real estate management, including the management of endowment properties. Through this memorandum, we will work on developing and classifying the foundation's properties according to the highest standards, enhancing their competitiveness in the market. We will also provide advanced mechanisms to enable more efficient and transparent management of lands and properties belonging to deceased individuals and minors, which aligns with our commitment to offering innovative services that meet the community's aspirations. This collaboration will foster greater government integration, help us achieve our shared goals of promoting real estate sustainability, and support the national economy fully aligned with Dubai's vision of building a brighter future for future generations." For his part, Khalid Al Thani emphasised that the collaboration with the Dubai Land Department reflects the Foundation's commitment to enhancing opportunities for strategic cooperation, contributing to inclusivity and sustainability in foundation operations. Al Thani stated that the collaboration represents a step toward unifying joint efforts to provide proactive services and solutions to the Foundation's clients, including endowments and minors. It also strengthens the development and advancement of the Foundation's real estate assets. It supports the competitiveness of its real estate portfolio in the emirate's market by classifying properties according to engineering and technical standards and awarding each building the appropriate star rating it deserves. Al Thani added that, based on this classification, the Foundation will valuate and develop its buildings to ensure their sustainability and investment in line with best practices, while striving to achieve optimal returns in support of the objectives of endowers and minors. He noted that the memorandum will also contribute to establishing a shared system between both parties to facilitate access to endowment property data and streamline various requests, thereby enhancing the quality of services provided and presenting an integrated model of collaborative government work. Under the memorandum of collaboration, designated personnel from the Inheritance Department at the Foundation will be enabled to access Dubai Land Department's Ejari valuation system to verify rental contracts related to deceased individuals, minors, and those under similar legal status. The shared system between the Foundation and the Department will also be enhanced to allow for the issuance of specific orders, such as requests for cancellation studies, registration requests, endowment registration requests, and land valuation requests. In addition, users can view all detailed data related to endowments, including land coordinates and attachments. The system will also be further developed to streamline the process of approving the sale of assets belonging to minors and those under guardianship. It is worth noting that Dubai Land Department's Building Classification Project is based on five key criteria to achieve the highest levels of survey accuracy. These criteria include engineering and technical standards, sustainability, documentation, health and safety, and management and finance. Each criterion comprises a set of questions designed to extract detailed data and to assign each building the appropriate classification based on a star rating system ranging from 1 to 4 stars, with an additional 4+ rating for buildings that meet the highest standards of green sustainability. The classification also considers the available facilities and the quality of the building's maintenance, such as parking, elevators, air conditioning, façade quality, and more. The project offers a wide range of proactive services and solutions to serve real estate sector stakeholders, benefiting various groups, including investors, property owners, tenants, real estate developers, government entities, and private sector companies. Follow Emirates 24|7 on Google News.
