{"id":4747,"date":"2024-09-18T11:44:16","date_gmt":"2024-09-18T08:44:16","guid":{"rendered":"https:\/\/sahfy.net\/news\/?p=4747"},"modified":"2024-09-18T11:46:08","modified_gmt":"2024-09-18T08:46:08","slug":"adgm-and-dmt-sign-landmark-mou-to-transfer-the-real-estate-and-municipal-services-on-al-reem-island-from-dmt-to-adgm","status":"publish","type":"post","link":"https:\/\/sahfy.net\/news\/?p=4747&lang=en","title":{"rendered":"ADGM and DMT Sign Landmark MoU to Transfer the Real Estate and Municipal Services on Al Reem Island from DMT to ADGM"},"content":{"rendered":"<p><span style=\"font-weight: 400\">ADGM, the international financial centre of the UAE\u2019s capital, and the Department of Municipalities and Transport (DMT) have announced the signing of a landmark Memorandum of Understanding (MoU) to facilitate the transfer of real estate services within ADGM\u2019s expanded jurisdiction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">As ADGM expands its presence on Al Reem Island, the MoU establishes a strategic partnership between ADGM and DMT to transfer the Real Estate services and enhance the efficiency and quality of municipal services provided for residents and businesses within ADGM&#8217;s jurisdiction. The agreement outlines the roles and responsibilities of both authorities, ensuring a seamless transfer of the real estate sector on Al Reem Island from DMT to ADGM, while fostering ongoing collaboration on urban planning, infrastructure, and all other essential services with DMT.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Commenting on the MoU, <\/span><b>Hamad Sayah Al Mazrouei, CEO of the ADGM Registration Authority<\/b><span style=\"font-weight: 400\">, said: \u201cThis collaboration with DMT marks a pivotal step in ADGM\u2019s expansion journey, setting new benchmarks for the real estate sector. Our expansion to Al Reem Island is not only a milestone for ADGM but also a significant benefit to those living and working within our jurisdiction. It reflects ADGM\u2019s unwavering commitment to supporting Abu Dhabi\u2019s exponential growth and fosters a thriving ecosystem for investment. Through this MoU, we aim to leverage our combined expertise to deliver high-quality, efficient services that cater to the evolving needs of the community. Alongside this expansion, ADGM will also introduce a comprehensive regulatory framework to ensure transparent, efficient, and globally aligned real estate practices within the expanded jurisdiction, furthering our dedication to innovation and excellence in real estate regulations\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Reflecting on the significance of the MoU, <\/span><b>H.E. Dr. Salem Al Kaabi, Director General of Operational Affairs at the DMT<\/b><span style=\"font-weight: 400\">, said: \u201cThis Memorandum of Understanding represents a significant milestone in our collaborative efforts to enhance the quality and efficiency of real estate services in Abu Dhabi. By partnering with ADGM, we are facilitating a smoother integration process and reinforcing our commitment to excellence in urban development. This cooperation embodies our shared vision to drive progress, streamline operations, and ultimately deliver exceptional amenities to our community.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">This strategic partnership enables ADGM to spearhead innovation, efficiency, and<br \/>\nexcellence in real estate and municipal services, further strengthening Abu Dhabi\u2019s position as a leading global financial hub for business and investment.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ADGM, the international financial centre of the UAE\u2019s capital, and the Department of Municipalities and Transport (DMT) have announced the signing of a landmark Memorandum of Understanding (MoU) to facilitate the transfer of real estate services within ADGM\u2019s expanded jurisdiction.\u00a0 As ADGM expands its presence on Al Reem Island, the MoU establishes a strategic partnership [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":4748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[39,130,111,15,55],"tags":[5975,5981,5979,5977],"class_list":["post-4747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy-en","category-featured-en","category-mou-partnerships-en","category-press-releases","category-real-estate","tag-adgm","tag-al-reem-island","tag-the-department-of-municipalities-and-transport-dmt","tag-the-international-financial-centre-of-the-uaes-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - 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