Page 241 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )
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4/1/24, 1:54 PM       PRESSR: Dubai Land Department establishes first phase of strategic partnerships with 9 developers — TradingView News
        The strategic alliance agreement was signed by His Excellency

        Engineer Marwan bin Ghalita, Acting Director General of Dubai Land

        Department, 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, we 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.




        The most important areas of collaboration




        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% 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.




        Eng. 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


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