Abu Dhabi Global Market (ADGM), the leading international financial hub in Abu Dhabi, today announced a strategic partnership with Advanced Real Estate Services (ADRES), a company providing innovative proptech solutions. This partnership signifies the commencement of a pioneering initiative aimed at developing an advanced digital Real Property platform under ADGM jurisdiction. The objective of this initiative is to make a significant leap in the real estate sector by enhancing transparency and efficiency to facilitate and streamline the client journey under a unified real property platform.
Through the collaboration of ADGM’s progressive regulatory framework and ADRES’ real estate proficiency, a new regional benchmark for digital Real Property services is on the horizon. This development comes in light of the geographical expansion of Abu Dhabi Global Market, including both Al Maryah and Al Reem Islands, spanning a total area of 14.3 square kilometers, as per Cabinet Resolution No. 41 of 2023. The ultimate objective of the platform is to provide a streamlined and unified experience for residents, investors, developers, and property owners, simplifying their interactions through an all-encompassing digital interface.
Wide range
The real estate platform will provide an extensive array of integrated packages encompassing various real estate services, such as:
- Developer Services Module for registering real estate projects, off-plan sales, escrow accounts, and service fees.
- Real Estate transaction services Module, including buying, selling, and mortgages.
- Profession and Real Estate Professionals Module.
- Property Owners Services Module, including issuing official documents and certificates.
- Property Management Module.
Digitally empowered economy
Hamad Al Mazrouei, CEO of the ADGM Registration Authority, stated: “ADGM is committed to contributing to bolstering a digitally empowered economy. This partnership with ADRES represents a significant stride in our efforts to streamline business operations and provide innovative real property solutions within ADGM jurisdiction.”
Beyond a mere tool
For his part, Moath Maqbol, general manager of ADRES commented: “We take pride in partnering with ADGM to establish a groundbreaking standard in real property services. This portal goes beyond a mere tool; – it serves as a strategic facilitator for growth that enhances customer satisfaction within the ADGM community and helps us achieve our shared vision of elevating the growth of the Abu Dhabi Global Market Real Estate Sector.”
User-friendly experience
Through seamless integration with ADGM’s Registration Authority, the portal will ensure strict compliance with regulatory standards while providing a user-friendly interface. This pioneering initiative is set to enhance Abu Dhabi’s reputation as a leading investment hub, drawing in a wide range of investors, companies, and entrepreneurs.
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