The Dubai Land Department (DLD) has announced the second phase of its Dubai Real Estate Brokers Programme, opening registration for 1,000 new UAE national participants. This initiative aims to further develop Emirati talent and foster their engagement in the real estate sector, building upon the success of the first phase, which saw over 500 participants earn their real estate broker cards and Emirati brokers close deals worth AED 200 million.
Empowering Emiratis in Real Estate In a ceremony attended by His Excellency Eng. Marwan Ahmed Bin Ghalita, Director General of the DLD, and Mohamed Ali Alabbar, Founder and Chairman of Emaar, the initiative was celebrated as part of Dubai’s ongoing commitment to excellence and leadership in real estate. The programme, aligning with the emirate’s broader vision under His Highness Sheikh Mohammed bin Rashid Al Maktoum, aims to strengthen Emirati involvement in Dubai’s thriving real estate market, contributing to the city’s long-term sustainable development.
Supporting Dubai’s Strategic Vision The Dubai Real Estate Brokers Programme is a key component of the Dubai Social Agenda 33, which aims to triple the number of Emiratis working in the private sector. This initiative also contributes to the broader Dubai Economic Agenda D33, with the goal of integrating 65,000 new Emirati workers into the labor market. The programme reinforces Dubai’s position as a global leader in real estate and innovation while promoting social stability and national talent development.
Programme Expansion and Achievements Phase two of the programme has seen the number of strategic partnerships grow to 50, including 21 new collaborators from real estate developers and brokers. His Excellency Eng. Marwan Ahmed Bin Ghalita emphasized the programme’s role in developing skilled Emirati professionals capable of leading the sector’s growth. He highlighted that the programme is not only focused on skill development but also on creating an integrated investment environment to maintain Dubai’s status as a global hub for real estate innovation and excellence.
Key Figures and Future Vision Emaar’s Chairman, Mohamed Ali Alabbar, shared insights into the strength of Dubai’s real estate market, comparing the sale of 120,000 residential units in Dubai in 2023 to 20,000 units in Singapore, demonstrating Dubai’s economic resilience and effective policies. Alabbar encouraged brokers to focus on essential details like prices, property types, and locations, while continuously adapting to market changes.
Programme Goals The Dubai Real Estate Brokers Programme aims to increase the percentage of Emirati brokers from 5% to 15% within the next three years. Key initiatives include a one-year exemption from government fees, an exclusive advertising package, competitive commissions, and real estate brokerage training. The programme seeks to enhance young Emiratis’ roles in driving the real estate sector’s growth, ensuring long-term industry development in alignment with Dubai’s strategic vision.
By fostering strong partnerships between government entities and the private sector, the programme is set to unlock the potential of national talent, reinforcing Dubai’s position as a global leader in real estate.