Dubai Land Department (DLD) and Ajman Free Zones Authority (AFZA) have formalised a Memorandum of Cooperation to facilitate freehold property ownership for AFZA-registered companies, simplifying registration processes.
This collaboration strengthens intergovernmental coordination, enhancing regulatory efficiency.
The agreement was signed in Dubai by Marwan bin Ghalita, Director-General of DLD, and Ismail Al Naqi, Director-General of AFZA, in the presence of senior officials.
Dubai and Ajman Real Estate
The Memorandum establishes a structured legal framework, allowing AFZA-based companies to incorporate real estate holdings into their operations seamlessly, ensuring compliance with existing regulations.
This initiative aims to enhance transparency and stimulate investment while upholding legal and administrative integrity.
By fostering a more investor-friendly environment, the partnership strengthens Dubai and Ajman’s appeal as leading real estate destinations.
Marwan bin Ghalita stated that the agreement reinforces efforts to advance the real estate sector, attracting investment and fostering a resilient market aligned with Dubai’s long-term vision.
Ismail Al Naqi emphasised AFZA’s dedication to innovative investment solutions, highlighting that this partnership offers businesses a secure and efficient platform to expand real estate portfolios.
Reflecting the UAE’s economic ambitions, this alliance promotes investment inflows, strengthens governmental integration, and enhances regulatory adaptability.
Ultimately, this initiative streamlines real estate registration and bolsters the UAE’s status as a premier global investment hub.
