Dubai adopts AI to expose fake realty firms
The Dubai Land Department (DLD) said it will be using artificial intelligence (AI) to verify Ejari contracts starting this month. The new technology is part of DLD’s latest governance system for verifying lease contracts, and the AI will be used to correctly match contract signatures with those in the department’s database.
The new system is aligned with the UAE Strategy for Artificial Intelligence launched by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, which represents a new stage in the development of the UAE as the nation progresses toward global leadership by improving government performance.
“We at DLD are constantly looking for the best advanced technology solutions to prevent interference with the lease contract registration process,” said Mohammed Yahya, deputy executive director of the Rental Affairs Sector at the DLD. “The new system will detect the presence of fake companies, especially those with no documented headquarters on their commercial licences. These actions are part of our integrated initiatives that aim to enhance transparency across all operations, including those related to other economic sectors.”
The new technologies will be used on all 2.5 million registered lease contracts in the Ejari database.
All rights reserved to the inital publisher for Gulf News
Collected and published by Arms &McGregor International Realty® editorial team. Get in touch with us at firstname.lastname@example.org