In a significant development for Dubai's real estate sector, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, Vice President, and Prime Minister of the UAE, has issued Decree No. (44) of 2024. This decree promotes Marwan Ahmed bin Ghalita, the current CEO of the Real Estate Regulatory Agency (RERA), to the position of Director-General of the Dubai Land Department (DLD).
Marwan Ahmed bin Ghalita has been a pivotal figure in Dubai’s real estate landscape, spearheading various initiatives and regulatory measures that have contributed to the sector's growth and stability. His appointment as the Director-General of the DLD is expected to bring further advancements and enhancements to Dubai’s real estate industry.
The decree, effective from the date of its issuance, underscores the leadership's commitment to strengthening Dubai's real estate sector by appointing experienced and capable individuals to key positions. This strategic move aims to ensure the continued growth and global competitiveness of Dubai's property market.
The official publication of this decree in the Official Gazette further cements its immediate enforceability and significance. The Dubai Land Department, under Marwan Ahmed bin Ghalita’s leadership, is anticipated to continue its trajectory of innovation and excellence, maintaining Dubai’s reputation as a leading global real estate hub.
Stay tuned for more updates on this significant appointment and its implications for Dubai's real estate sector.