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Dubai Land Department signs an agreement with Mashreq

Under the new agreement, Mashreq will provide banking services for real estate transactions made both inside and outside the country

Sept 18 - ORE Blog

Dubai: The Dubai Land Department (DLD) announced that it has signed an agreement with Mashreq concerning banking solutions for the transaction services of the “Tarweej” real estate promotion initiative. The agreement was signed by Sultan Butti Bin Mejren, Director General of DLD, and Abdul Aziz Al Ghurair, CEO of Mashreq.

Under the new agreement, Mashreq will provide banking services for real estate transactions made both inside and outside the country. In addition, the bank will receive priority as a partner for real estate promotion in accordance with the laws applied in each country, and will provide real estate customers and investors with consultation and information on products to meet their needs.

The “Tarweej” initiative was launched by the Real Estate Investment Promotion and Management Centre, which aims to promote Dubai’s real estate market and its projects under the DLD umbrella by establishing a community of real estate developers inside and outside Dubai.

Staff Report (16 September 2017). Dubai Land Department signs an agreement with Mashreq. Gulf News retrived from http://gulfnews.com/business/sectors/banking/dubai-land-department-signs-an-agreement-with-mashreq-1.2091003