The E-Mart allows for property listings and information sharing between buyers and sellers.
- The E-Mart will be an electronic portal for property listings
- It is being developed by ERES
- Properties listed can either be for sale or auction
It was recently revealed that the Dubai Land Department have started an E-license system to make it easier for real estate agents and brokers to renew or obtain certificates but it appears that other technical advances seem to have been made in the department with the introduction of a real estate E-Mart.
The E-Mart will act as an electronic portal for property listings as well as being somewhere that property information can be exchanged.
Sultan Butti Bin Mejren, Director General of the Land Department, said: “The Land Department seeks to enhance the e-transformation process in the framework of its strategy to upgrade the government services provided to the various segments of customers and investors.
“It also aims to comply with the best standards and technical practices, which are an essential part of the strategic goals aimed at improving customer service.”
He added: “The real estate e-Mart will be one of the most important sources for property information and best statistics for the local and the Middle East markets.”
The E-mart is being developed by Emirates Real Estate Solutions (ERES) who manage the technical side of the department whilst containing elements of Simsari and online auction applications.
The portal will be beneficial for both buyers and sellers with all information in the portal standing correct between both parties thus aiding sales and making information more readily available and public.
The properties listed can either be for public sale or by auction with investors also being able to make use of the product with either auctioning or immediate booking of the property after the relevant details have been released. Buyers then have to register the sale at the DLD.