The Dubai Land Department (DLD) has entered into collaborations with nine developers to fortify the ‘Dubai Real Estate Brokers Programme’.
The move aims to increase the participation of Emiratis in the real estate sector. Moreover, around 10-15 percent quota of projects will be allocated to be sold through Emirati brokers.
Marwan bin Ghalita, acting director-general of DLD, signed the agreement, along with officials representing leading real estate development companies: Emaar Properties, Expo Dubai, Deyaar, DAMAC Properties, Azizi Developments, MAG, Sobha Realty, Ellington Properties, and Al Bait Al Duwaliy Real Estate Development.
In the coming phases, the DLD will witness further partnerships with prominent developers and real estate brokers in Dubai, which will contribute to qualifying more citizens in the real estate sector.
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Enhancing skills, improving roles
This agreement aims to collaborate in various areas, including enhancing the competitiveness of Emirati professionals and facilitating their roles in the real estate sector. It involves designing and implementing supportive, high-quality projects through cooperation between the DLD and real estate sector partners in the emirate.
Additionally, it aims to contribute to empowering national talents by providing job opportunities within the second party in accordance with existing labour laws.
Marwan bin Ghalita emphasised the significance of this alliance and its contribution to realising the objectives of the Dubai Real Estate Brokers Programme. Launched to increase citizen participation in the real estate market, the programme aims to incentivise their involvement in real estate activities, thereby enhancing their engagement in one of Dubai’s pivotal economic sectors: the real estate industry.
“At DLD, we are committed to implementing the directives of our wise leadership, emphasising the empowerment of citizens across diverse fields. This commitment is evident in our focus on nurturing and enhancing national skills, which are integral components outlined in the Dubai Social Agenda 2033 and the Dubai Economic Agenda D33 initiated by our visionary leadership. We eagerly anticipate collaborating with our partners in the real estate sector to achieve remarkable outcomes that resonate with the esteemed position held by the real estate sector in Dubai, both domestically and internationally.”
The agreement also involves collaboration on joint projects with the DLD to advance the real estate sector and foster a culture of innovation and sustainability. Additionally, it entails working with the DLD to provide guidance, professional training, and support for national talents, attracting them to the private sector and enhancing their specialised skills to establish their businesses in the real estate market.
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