Page 168 - SOBHA REALTY PR REPORT - MARCH 2024 (ENGLISH)

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
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.

Reportage Properties: Reportage Properties, the leading UAE real estate developer,
organized a special sales day and a suhoor evening, at the Ritz-Carlton Abu Dhabi,
Grand Canal. The company is making special offers on local and international projects,
with a special Ramadan night.

The “Reportage Properties” portfolio includes 33 projects in the UAE, Egypt, Turkey,
Morocco and Saudi Arabia .

Reportage confirmed their interest in providing more special offers and discounts on all
projects, in a way that meets the aspirations of buyers and investors, whether inside or
outside the UAE, which enhances the company’s sales in all local and global projects.

“Reportage Properties” sales topped Dhs3.7b ($1 billion) during 2023, compared to
Dhs2.3b during 2022, with a growth exceeding 60%. “Reportage” also achieved sales

https://gulftoday.ae/business/2024/03/31/dld-establishes-first-phase-of-strategic-partnerships-
with-9-realty-developers