The Dubai Land Department (LD) has signed an agreement for joint cooperation between its Dubai Real Estate Institute and the Bahrain Real Estate Association. The written understanding resulted from a high-level delegation visit made by LD to the Kingdom and supports the development of real estate brokerage and the activation of professional property studies and courses in both countries.
Headed by HE Sultan Butti Bin Mejren, Director General of LD, the delegation included Mahmoud Al Burai, Director of the Dubai Real Estate institute and Mohammed Al Muhairi, LD Director of Operations. LD’s visit programme comprised a number of meetings with the executive departments of institutions and government bodies in the Kingdom, including the Bahrain Real Estate Association, Bahrain Property Development and the Survey & Land Registration Bureau. The delegation met with HE Kamal bin Ahmed, Minister of Transportation, Acting Chief Executive of the Bahrain Economic Development Board and the supervisor of the Tamkeen program, as well as Nabil Al Mahmoud, Executive Director of the Bahrain Chamber.
LD’s delegation was welcomed by HE Sheikh Salman bin Abdullah bin Hamad Al Khalifa, President of the Survey & Land Registration Bureau, who gave congratulations to Dubai for winning the Expo 2020 bid. He praised the emirate for achieving prosperity from development and leadership in the fields of construction and real estate.
“We were delighted by the level of hospitality shown to us during our visit by our brothers in the Kingdom of Bahrain. We were able to see their achievements both in the field of Survey and Land Registration and in property investment, where they employ spatial technology to facilitate procedures for their citizens,” said HE Sultan Butti Bin Mejren, Director General LD.
“Through our meetings we were able to demonstrate a commitment to provide all forms of support in different areas to help our brothers in the Kingdom achieve their desired developments, especially in the field of training and the provision of qualifications that will improve their ability to serve their community and their country,” he added.
The meeting with the Bahrain Real Estate Association took place in the presence of its Chairman of the Board, Nasser Al Ahli and a number of its board members. During the event they discussed the establishment of real estate valuation courses and the training of real estate brokers in the Kingdom, with a focus on the importance of incorporating international guidelines and standards commensurate with the needs of the its real estate sector.
The two sides discussed ways to develop the real estate brokerage law in the Kingdom by relying on the expertise of LD’s Real Estate Regulatory Authority (RERA). They also assessed how it might benefit from Dubai’s laws on the organisation of real estate brokerage. Both sides agreed on the exchange of information relating to proposals, laws and regulations around their respective real estate markets.
“The efforts of the Dubai Real Estate Institute to develop employees and real estate practitioners, and the role it plays in the development of property trading makes it an essential component of the national economy,” said HE Sheikh Salman bin Abdullah bin Hamad Al Khalifa, President of the Survey & Land Registration Bureau in Bahrain.