Page 178 - SOBHA REALTY PR REPORT - APRIL 2024

4/2/24, 11:11 AM Emiratis brokers to get 10-15 percent quota in projects as DLD signs agreement with top property companies
Emirati brokers to get 10-15 percent quota in projects as DLD signs agreement with top
property companies
Agreement to enhance competitiveness of Emirati professionals and facilitate

their role in real estate sector

The agreement also involves collaboration on joint projects with the DLD
The Dubai Land Department (DLD) has entered into collaborations with nine

developers to fortify the ‘Dubai Real Estate Brokers Programme’.
The move aims to increase the participation of Emiratis in the real estate sector.
Moreover, around 10-15 percent quota of projects will be allocated to be sold through
Emirati brokers.

Marwan bin Ghalita, acting director-general of DLD, signed the agreement, along
with officials representing leading real estate development companies: 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, the DLD will witness further partnerships with prominent
developers and real estate brokers in Dubai, which will contribute to qualifying more
citizens in the real estate sector.

DLD sets record with 1.6 million transactions in 2023
Enhancing skills, improving roles

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