Page 239 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

4/1/24, 1:54 PM Dubai Land Department establishes first phase of strategic partnerships
dedication to nurturing a proficient citizenry adept in professional ethics and principles, thus enabling
them to lead the trajectory of evolution and advancement in the real estate sector.

The strategic alliance agreement was signed by Engineer Marwan bin Ghalita, Acting Director-General of

DLD, along with officials representing leading real estate development companies. These esteemed
companies comprise 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, DLD will witness further partnerships with prominent developers and real estate
brokers in Dubai, which will contribute to qualifying more citizenes in the real estate sector.

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 Dubai Land Department and real estate
sector partners in the emirate. Efforts will be made to allocate a 10 - 15 percent quota of their projects to be

sold through Emirati brokers.

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 program 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.

He said, “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 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 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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