‘Real Estate Innovation Incubator’ was established by the Dubai Land Department as a recruitment tool for new, international businesses.

The Dubai Land Department (DLD), through the real estate development sector, has signed a collaboration agreement with the technology firm Xclusiverse in order to launch the “Real innovation incubator 2023” initiative.

The purpose of this project is to draw in new, innovative real estate enterprises from around the world while also enhancing local businesses’ capabilities. This will improve its digital infrastructure and put it in line with Dubai’s D33 economic goal. The project also aims to make it possible for new and innovative goods and technologies to be tested and commercialized in the Emirate.

The recently inked agreement states that the two sides want to increase confidence among investors in Dubai’s real estate sector by offering a distinctive investment environment, maintaining solid real estate system governance, and fostering rules for real estate innovation.

In addition to raising customer satisfaction, our alliance will improve services to deliver the greatest outcomes and advance the industry’s overall development.

The cooperation agreement calls for cooperation in many fields, most notably the gathering of a team of top specialists. While guaranteeing information security, the virtual incubator will follow the finest regional and international standards and practices.