The Dubai Land Department (DLD) and the Ajman Free Zones Authority (AFZA) have signed a Memorandum of Cooperation to simplify property ownership procedures for companies registered in AFZA.

The agreement enables these companies to obtain freehold ownership of land and real estate while also streamlining the property registration process.

Signed in Dubai by Marwan bin Ghalita, Director-General of DLD, and Ismail Al Naqi, Director-General of AFZA, the memorandum underscores efforts to enhance intergovernmental collaboration and create a unified legal and regulatory framework for property ownership.

“This memorandum charts a course for amplified collaboration with AFZA, a synergy that will empower our mission to cultivate the property market and establish an enticing investment ecosystem aligned with Dubai’s forward-looking vision,” said bin Ghalita.

Echoing this sentiment, Al Naqi stated, “This partnership with DLD represents a significant leap forward in enabling businesses to confidently and efficiently grow their real estate investments within an integrated system that safeguards investor interests and provides a vibrant business environment.”

The collaboration is set to enhance the investment appeal and competitiveness of both Dubai and Ajman, reinforcing their positions as leading real estate destinations. By fostering stronger synergy between government entities, the agreement supports the UAE’s strategic vision of driving economic growth and attracting foreign investment.

The alliance is also expected to streamline real estate registration processes and improve regulatory flexibility, further cementing the UAE’s reputation as a global hub for business and investment.