The United Arab Emirates is making significant strides in modernizing its asset management by integrating federal real estate assets into a centralized electronic registry. This initiative, led by the Ministry of Finance (MoF), aims to enhance transparency and efficiency in the documentation and updating of Union-owned properties. The newly launched ‘Federal Government Real Estate Assets Platform’ is designed to revolutionize the management of federal real estate assets, ensuring that accurate, real-time data is readily available for decision-making and policy formulation.
To enhance transparency and efficiency, the Ministry of Finance (MoF) has officially launched a centralized digital platform to document and update data on federal real estate assets.
Called the ‘Federal Government Real Estate Assets Platform’, the platform was launched in compliance with Article 18 of Federal Decree-Law No. (35) of 2023, which mandates the Ministry of Finance to establish an electronic registry for Union-owned real estate assets.
The launch event was attended by Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, and Mariam Mohamed Al Amiri, Assistant Undersecretary for the Government Financial Management Sector at the Ministry.
AlKhoori emphasized that the platform will bring about a paradigm shift in organizing, governing, and managing real estate assets at the federal level. He noted that it will reinforce governance and transparency by delivering accurate, up-to-date, and reliable data to inform policymaking and strategic decisions.
“The launch of this platform is part of the ministry’s commitment to ensuring the full digital transformation of government resource and asset management. It aligns with the leadership’s vision of promoting excellence across all sectors by enhancing operational efficiency and rationalizing expenditure through process automation and streamlined procedures,” AlKhoori added.
AI-Driven Tool Transforms Asset Tracking
The launch event also featured a panel discussion on the role of AI in government asset management, as well as an interactive presentation offering a live demonstration of the platform’s features and technical capabilities.
Designed with an intuitive workflow that simplifies classification and review processes, the platform provides a strategic tool that enables federal entities to efficiently register, monitor, and manage their real estate assets through a structured and methodical approach.
The platform offers a comprehensive suite of digital services that enhance the efficiency of federal real estate operations, making it easier for entities to maintain accurate oversight of their holdings.
Al Amiri added, “The platform responds to a genuine need to unify federal real estate asset data, enhance its quality, and link it to relevant financial and operational procedures, ensuring accuracy, faster access to information, and improved efficiency in planning and expenditure.”
“Within the Government Financial Management Sector, we ensured the platform is practical and easy to use, enabling federal entities to register and update their real estate asset data under unified classifications, manage leasable spaces, and process requests through automated procedures that reduce time and effort while strengthening transparency and governance.”