Dubai Land Department (DLD) has launched its new strategic plan and vision until 2026, thus shaping the features and landmarks of its directions for the next three years.

 

The new strategic plan is in line with the national agenda to build a better economy while ensuring consistency with current and future global developments and practices.

 

According to DLD, its key vision is to strengthen global leadership in real estate investments.

 

The strategy, in its final form, is the result of continuous efforts by various team members at DLD to ensure the best results that are compatible with current and future global developments and practices, said the statement.

 

Rolling out across three phases, and involving DLD’s employees, partners and customers in designing the department’s strategic plan for the next phase; its new corporate mission and values are as follows:

 

*Vision: To be world leader in real estate investments

*Mission: Enabling the real estate community by providing seamless real estate services, effective legislation and integrated data through partnerships, leading digital infrastructure and an empowered human capital.

*Values: Proficient team, people-centric, justice, passion and boldness.

 

According to DLD, the efforts made while preparing the new strategic plan revealed a number of pioneering and proactive ideas, most prominent of which were five main pillars. 

 

The first is a pioneering real estate model, by enhancing the sector’s readiness and sustainability, and ensuring effective governance of the real estate sector. 

 

The second pillar is being a real estate innovation incubator by fostering a globally attractive real estate sector and harnessing technology to enable real estate solutions development. 

 

The third is a data-driven sector, by maximising the added value of sector data and raising awareness, trust and transparency in the real estate sector. 

 

The fourth is Agile DLD, to cultivate a flourishing digital ecosystem, enhance its operations and improve corporate governance efficiency, as well as foster partnership with public and private sectors. 

 

The fifth and final pillar is Exceptional Journeys 2.0, through which the focus is on shifting to employee-first culture, refreshing DLD identity and enhance its position, and move to a proactive and ‘human’-focused approach, it stated.

 

DLD has also identified the strategic initiatives, classified according to the ease of application and priority matrix.

 

These will be implemented through the following three main stages:

 

*The first is the launch of quick-gain initiatives to ensure that DLD adapts to the proposed changes. 

*The second stage is empowerment by working to empower the real estate sector and DLD alike and providing the necessary support to implement the transformation smoothly. 

*The third stage is achieving sustainable impact by expanding the scope of influence to reach a global real estate system.

 

DLD has updated its strategy in bid to ensure the best results and outputs based on four fundamental principles - sustainable impact; local adaptation; global leadership and co-operation and harmonisation.

 

The new strategy also constitutes a qualitative addition that would enhance the contributions of the real estate sector to Dubai’s GDP, in addition to supporting the objectives of the other sectors and strategic directions, it added.-TradeArabia News Service