Page 188 - SOBHA REALTY PR REPORT - MARCH 2024 (ENGLISH)

4/1/24, 1:54 PM DLD to support ‘Dubai Real Estate Program' with 1st phase of strategic ties
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 labor laws.

According to the statement, 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 specialized skills to establish

their businesses in the real estate market.

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