Ajman, UAE – The Department of Land and Real Estate Regulation has signed a cooperation agreement with Ajman Bank to safeguard the confidentiality of exchanged information, strengthen transparency, and enhance the institutional reputation of both entities.
The agreement was signed by His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, and His Excellency Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank.
His Excellency Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation said: “Signing this memorandum reflects the strategic partnership with Ajman Bank and underscores our shared commitment to protecting and preserving exchanged information and ensuring its non-disclosure, in line with the laws and regulations in force in the Emirate of Ajman and the United Arab Emirates”.
The agreement covers all forms of information, data, and documents exchanged between the two parties — whether paper, electronic, or verbal — relating to their work, specializations, or any joint projects or transactions. “Under this agreement, the Department is committed to providing Ajman Bank with the necessary information, data, and documents strictly within the limits required for implementing and automating the remote sales service, while upholding the confidentiality and protection provisions stipulated”. He added.
This partnership reinforces Ajman’s ongoing drive to enhance the security and governance of real estate transactions while supporting the UAE’s broader digital transformation agenda. By establishing clear works for safe data exchange, both parties aim to increase trust, streamline services, and enable innovation across the sector.
Mr. Mustafa Al Khalfawi, CEO of Ajman Bank, said: “This cooperation strengthens secure and reliable information exchange works between Ajman Bank and government entities. It reflects the Bank’s commitment to adopting best practices in data confidentiality, governance, and compliance, especially in the context of digital transformation initiatives such as the remote sales service”.
“This collaboration will help build greater trust with stakeholders and advance mutual objectives with integrity and transparency. It also aligns closely with the Bank’s internal digital transformation strategy and the UAE’s broader vision for digital advancement, reinforcing efforts to digitize services and enhance operational efficiency across sectors”.
Looking ahead, the partnership between the Department and Ajman Bank will continue to set new standards for secure and innovative real estate transactions, ensuring that customers and investors benefit from a trusted, digitally enabled environment.
Ajman Bank Public Joint Stock Company (P.J.S.C) is licensed by the Central Bank of the UAE. All our products and services are Shari’ah compliant.
Listen to the content of the page by clicking on listen below...
