Abu Dhabi introduces a fully digital property transaction platform allowing remote real estate purchases securely online.
The Abu Dhabi Real Estate Centre (ADREC) has unveiled an innovative digital platform that revolutionizes the process of buying and selling property. This groundbreaking service allows users to complete transactions entirely online, marking a significant step in Abu Dhabi’s commitment to digital transformation.
This pioneering initiative seamlessly integrates efficiency, security, and convenience into a single platform, enabling both local and international buyers and sellers to conduct real estate transactions remotely without any physical documentation or face-to-face meetings.
Buying Property Made Easy
Through this state-of-the-art platform, users can handle all aspects of the property transaction process-from releasing and registering mortgages to completing ADREC Trustee verification-digitally. It also allows for contract signing and escrow account settlements within one cohesive system.
The service is integrated with the TAMM platform, utilizing UAE Pass for secure digital signatures and authentication from anywhere globally. The system's features include video-enabled trustee participation, tamper-proof digital signatures via UAE Pass, and direct management of escrow accounts by ADREC, ensuring that all transactions are legally enforceable, financially secure, and subject to regulatory oversight.
A Strategic Leap
Rashed Al Omaira, Acting Director General of ADREC, emphasized that this launch represents not just a technological advance but a strategic enhancement in Abu Dhabi's digital journey. "The introduction of the Buy & Sell Service signifies more than just an innovation; it is a strategic leap forward," he stated.
By leveraging cutting-edge technologies to strengthen real estate market foundations, the new service promises increased efficiency, security, and transparency at each stage. As Abu Dhabi moves towards becoming an AI-driven government by 2027, this platform aligns real estate services with that future vision. "It exemplifies our leadership in integrating advanced technology with daily services," Al Omaira added.
Global Investments Simplified
The user-friendly interface guides participants through every phase from initial application to final closure. With options for virtual or face-to-face interactions via the TAMM platform combined with enhanced operational efficiencies, transaction costs are lowered while processing times are significantly reduced.
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