The Dubai Land Department (DLD) announced on Sunday that it has entered into agreements with nine developers, both private and government-backed, to reserve a specific portion of their projects for sale through Emirati brokers. This initiative aims to create more job opportunities for local residents.
Among the developers are Emaar Properties, Expo Dubai, Deyaar, Damac Properties, Azizi Developments, MAG, Sobha Realty, Ellington Properties, and Al Bait Al Duwaliy Real Estate Development. The DLD stated that these developers will set aside between 10% to 15% of their projects for sale through Emirati brokers.
This agreement is part of the “Dubai Real Estate Programme,” which seeks to empower local talent within the real estate sector. It includes provisions for guidance, professional training, and support to help Emirati talents thrive in the private sector and develop specialized skills for their businesses in real estate.
The real estate market in Dubai has experienced significant growth post-pandemic, leading to a surge in job opportunities within the brokerage segment.
Network Expansion
The DLD plans to expand its partnership network beyond these nine companies by signing agreements with more developers in the coming months.
Marwan bin Ghalita, acting director-general of the Dubai Land Department, emphasized that this program aims to increase Emirati participation in the real estate market, encouraging their active involvement in this vital economic sector.
He expressed optimism about the collaboration with partners in the real estate sector to achieve positive outcomes for Dubai’s real estate industry on both local and international levels.
