Page 214 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

4/1/24, 1:52 PM In Dubai property, UAE Nationals to get 10-15% quota in project launches by leading developers | Business – Gulf News
The partnerships will also help provide guidance, professional training, and support

for UAE National talents, ‘attracting them to the private sector and honing specialised

skills to help them establish their own businesses in the real estate market.

“We eagerly anticipate collaborating with our partners in the real estate sector to

achieve remarkable outcomes that resonate with the position held by the real estate

sector in Dubai, domestically and internationally,” said Marwan bin Ghalita, acting
Director-General of DLD.

The UAE authorities are fast-tracking job creation and upskilling opportunities for

new cohorts of qualified Emiratis venturing into the employment space. The focus has
been on the private sector to do its part in meeting set targets.

The local real estate sector has been a major draw through recent years for fresh
graduates. All of the leading government backed developers have sizeable presence of

Emiratis across their workforces. The onus is now on the private players too to help,

alongside creating more opportunities in the highly competitive category of being

property brokers.

The ‘Dubai Real Estate Brokers Program’ is thus launched to increase ‘citizen

participation in real estate market’, according to DLD.

“The program aims to incentivise their involvement in real estate activities, thereby

enhancing their engagement in one of Dubai’s pivotal economic sectors - the real

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