Search Site

Trends banner

Borouge proposes share buyback

The company had posted a 24% YoY increase in net profit to $1.24bn.

DAE to acquire 17 aircraft for $1 bn

This portfolio comprises 100 percent next-generation aircraft

DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.

Dubai’s RERA signs MoU with Al Ameen Service

Omar Al Falasi welcomed the agreement with RERA toward enhancing means of cooperation.
  • DLD is ramping up its efforts by providing an innovative and sustainable global real estate model
  • The agreement aims to enhance confidence in Dubai’s real estate sector by providing a safe and distinctive investment environment

Dubai, UAE -Dubai Land Department (DLD), represented by the Real Estate Regulatory Authority (RERA), has signed a memorandum of understanding with Al Ameen Service to boost cooperation.

DLD is enhancing its vision by providing an innovative and sustainable global real estate model and an incubating environment for real estate innovation.

The MoU was signed in the presence of Eng. Marwan bin Ghalita, CEO of RERA, and Omar Al Falasi, General Supervisor of Al Ameen Service.

This cooperation aims to enhance confidence in Dubai’s real estate sector by providing a safe and distinctive investment environment and highlighting the governance of the integrated real estate system securely, thereby saving time, effort and money through the promotion of digital solutions.

Also read: Dubai Land Department launches its strategic plan 2026

Eng. Marwan bin Ghalita said: “We are keen to enhance the real estate sector’s readiness and sustainability in all aspects. We have always sought to facilitate experiences for people and provide a safe real estate environment. Today, we express our happiness for this MoU with Al Ameen Service, through which we will facilitate areas of cooperation and raise awareness among real estate companies and jointly owned properties to comply with our objectives arising from this memorandum in the best effective way.”

In turn, Omar Al Falasi welcomed the agreement with RERA toward enhancing means of cooperation and organising joint experiences to spread awareness among several segments of society regarding Al-Ameen’s services across commercial and residential towers to ensure the safety of resident.

He underpinned the importance of concerted efforts to educate society about the risks and maintain its security and stability.

Areas of cooperation between the two parties include providing proactive services to customers, increasing the positive impact of the rental contract registration service and others, and integrating services related to contract registration.

Al Ameen service will prepare and present educational lectures at RERA’s HQ, which in turn will approve these courses and lectures for real estate companies and real estate management companies with joint ownership, in addition to providing these companies with plate designs with quick Al Ameen service response codes (QR Code) to be placed on all real estate towers of joint ownerships in Dubai.