Dubai Land Department (DLD) has signed a Memorandum of Cooperation with Keyper Holdings, a company under the REES real estate innovation initiative.
The agreement was signed on the sidelines of GITEX Global 2024 event, by Majid Al Marri, CEO of the Real Estate Registration Sector at Dubai Land Department, and Omar Abu Innab, Co-Founder and CEO of Keyper Holdings Ltd.
This partnership aims to provide integrated solutions that enhance transparency and efficiency in property management, offering tenants and landlords with seamless access to accurate information. This will help reduce disputes and support informed decision-making.
It will also foster effective communication between landlords, tenants, and property management companies through digital platforms, ensuring quick responses and seamless information exchange. Additionally, the partnership will leverage data analytics to better understand market needs, guiding real estate investment and development strategies more effectively.
The collaboration also seeks to implement technological solutions that optimize resource consumption and foster global sustainability. Furthermore, it includes training programs for DLD employees to equip them with skills to handle modern technology.
Under the partnership, Dubai Land Department will work on enhancing digital integration and linking Keyper’s services with its platforms to elevate the user experience and streamline the real estate processes.
Keyper Holdings will activate an electronic platform that enables tenants to pay rent via credit cards and automatic debit systems, in addition to the opportunity to pay in 12 monthly installments, so landlords receive rent smoothly and regularly.
The partnership also includes electronic integration with the Keyper app to facilitate sales, leasing, and mortgage registration processes, as well as integration with the ‘Mollak’ platform to manage owners’ association fees and provide accurate information services.
Majid Al Marri CEO of the Real Estate Registration Sector – Dubai Land Department
“Through our collaboration with Keyper Holdings, we aim to establish new standards for property management that rely on smart technology to enhance efficiency and transparency. This memorandum is part of a broader vision to achieve full digital integration and provide an attractive, sustainable real estate environment that aligns with global developments and attracts foreign investments. At Dubai Land Department, we recognize that digital transformation is the future, and this partnership will significantly contribute to delivering advanced smart services to users in Dubai.”
Omar Abu Innab, Co-Founder and CEO of Keyper Holdings Ltd, stated that, “We are excited about being part of delivering the visionary initiative of DLD to fully digitize the journey of property owners and tenants in Dubai. In particular, this will pave the way to eliminate the use of checks for payment of rent and give tenants the option to pay their rent monthly.”
This collaboration falls in line with Dubai Land Department’s efforts to support the broader strategy of the emirate in driving the goals of digital transformation and fostering a vibrant investment environment. The synergy between the public and private sectors will also drive efficiency and innovation, reinforcing Dubai’s status as a global hub for business and real estate.
