The 'Blockchain in Real Estate' initiative is the first of its kind in the world, and won first place in the technology category at this year’s award ceremony in Dubai
Dubai Land Department (DLD) has won first place in the technology category at this year’s Ideas Arabia Awards. The award is in recognition of its pioneering 'Blockchain in Real Estate' initiative, which is the first of its kind in the world.
His Excellency Sultan Butti bin Mejren, Director General of DLD, commented: "We are delighted to receive this award, which acknowledges our continuous efforts to support the excellence of our real estate sector and serve all parties in it by providing the best technologies of the era. Implementing our 'Blockchain in Real Estate' initiative is part of our plans to create a road map that will help us reach new heights of innovation. We are confident that such initiatives will bring DLD to a high level of leadership, consolidating our reputation as a proactive and innovative entity that supports all parties with its effective, fast and smart services."
The 'Ideas Arabia Awards' focuses on identifying the most important ideas applied within institutions and honouring the institutions and employees that brought them to life. DLD participated in this year's edition after submitting a comprehensive file explaining the 'Blockchain in Real Estate' initiative and the many advantages it will offer all parties in the real estate sector.
Bin Mejren added: "When the initiative was launched, our aim was to raise the competitive edge of the department by establishing it as the world's first government to adopt the smartest and safest technology in the real estate industry. The initiative is also helping us to achieve the Dubai Plan 2021 and the Dubai Blockchain Strategy by driving the move from traditional to smart services."
'Blockchain in Real Estate' is one of DLD's initiatives to achieve a comprehensive development of its 26 key services, enhance global leadership, and raise the efficiency of government work. The initiative ensures the continued progress of real estate services in Dubai and will also allow DLD to respond to its customers immediately, saving them from waiting time, reducing costs and improving the quality and accuracy of work. Together, these benefits will contribute to improving Dubai's ranking in the global competitiveness index.
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