Up to 15% of Dubai real-estate projects to be allocated to Emirati brokers

Dubai Land Department (DLD), has launched the initial phase of collaborations with nine developers to strengthen the 'Dubai Real Estate Brokers Programme', with efforts being made to allocate a 10 to 15 per cent quota of their projects to be sold through Emirati brokers.

The  agreement was signed by Engineer Marwan bin Ghalita, Acting Director General of DLD, along with officials representing Emaar Properties, Expo Dubai, Deyaar, DAMAC Properties, Azizi Developments, MAG, Sobha Realty, Ellington Properties, and Al Bait Al Duwaliy Real Estate Development.

Future phases will add further partnerships with prominent developers and real estate brokers in Dubai.

The agreement aims for collaboration in various areas, including enhancing the competitiveness of Emirati professionals and their roles in the real estate sector.

It involves designing and implementing supportive, high-quality projects through cooperation between the Dubai Land Department and real estate sector partners in the emirate and aims to contribute to empowering national talents by providing job opportunities.

Eng. Marwan bin Ghalita emphasised the significance of this alliance and its contribution to realising the objectives of the Dubai Real Estate Brokers Programme.

He said "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.

"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 Dubai Land Department 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 talent, attracting them to the private sector and enhancing their specialised skills to establish their businesses in the real estate market.