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Dubai Land Department (DLD) has announced plans for a real estate platform called Real Estate Self Transaction (REST), allowing landlords to sell and manage their properties online. The platform is part of the Dubai 10x initiative aimed at placing government entities 10 years ahead.
According to DLD, REST aims to enable the digital management of real estate transactions, eliminating the need for physical documents and reducing brokerage procedures.
The project is expected to roll out by Q1 2020. Although this portal puts real estate agents at risk, experts believe investors will still need the advice and expertise of property professionals.