Page 181 - SOBHA REALTY PR REPORT - MARCH 2024 (ENGLISH)

4/1/24, 1:53 PM Dubai Land Department establishes first phase of strategic partnerships with 9 developers to support ‘Dubai Real Estate Programm…
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 incentivise their involvement in real estate activities, thereby enhancing their engagement in one of Dubai’s
pivotal economic sectors: the real estate industry.
Empowering national skills

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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