DLD kicks off first phase of ‘Dubai Real Estate Programme’

Leading developers such as Emaar Properties, Expo Dubai, Deyaar, DAMAC Properties, Azizi Developments, MAG, Sobha Realty, Ellington Properties, and Al Bait Al Duwaliy Real Estate Development are part of the strategic alliance agreement

Dubai Land Department (DLD) announces initiation of the initial phase of a sequence of strategic collaborations with nine developers to fortify the “Dubai Real Estate Programme”.

The programme aims to encourage professional ethics and principles in the sector.

Leading developers such as Emaar Properties, Expo Dubai, Deyaar, DAMAC Properties, Azizi Developments, MAG, Sobha Realty, Ellington Properties, and Al Bait Al Duwaliy Real Estate Development are part of the strategic alliance agreement, signed by Marwan bin Ghalita, Acting Director-General of DLD.

DLD is expected to sign more such partnerships with prominent developers and real estate brokers in Dubai in the coming phases.

The alliance 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 labour laws.

Marwan bin Ghalita said the alliance programme is launched to increase citizens’ participation and incentivise their involvement in real estate activities in the emirate.

“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,” he said.

Source: arabianbusiness.com