Dubai
Want to have an on-the-fly risk assessment on investing in Dubai realty? Feed the relevant details into an app launched by Dubai Land Department.
The “smart” system can be used to make operational, strategic and procedural decisions. This is done though a “platform where users can create closed private and open public chat sessions on risk management with Land Department employees and other key stakeholders”, according to a statement issued by the government agency.
It also has a dashboard tailored to each department, where graphics can be viewed of risk indicators. “A core feature is a warning notification which informs the department of any potential risk,” the statement added. “This assists in speeding up reactions and decision-making.”
According to Sultan Butti Bin Mejren, Director-General, “The internal audit system at DLD represents a fully integrated sector, where audits are provided through all the financial information and data information. In addition, we launched the audit system for Registration Trustees offices, bringing a smart system where we can audit all real estate transactions carried out at the offices of registrars.”
