Staff Report,
Dubai, UAE
Dubai Real Estate Brokers Programme, an initiative of Dubai’s Social Agenda 33 undertaken by the Dubai Land Department (DLD), has received more than 1,000 applications from Emirati citizens since mid-March, reflecting the attractiveness of the programme that will prepare more citizens for the buoyant real estate industry. The programme has also formed 25 strategic alliances with private development and real estate brokerage companies. It aims to increase the proportion of citizen brokers from 5 percent to 15 percent over the next three and triple the current number of citizens employed in the private sector, enhancing their productivity and economic contribution.
Engineer Marwan bin Ghalita, Acting Director General of Dubai Land Department, expressed his satisfaction with the programme’s significant interest among citizens, developers and real estate brokers: “This reflects the early positive impact of the programme, showcasing citizens’ aspirations and eagerness to engage as real estate brokers and acknowledging the pivotal role of Dubai’s real estate sector locally and globally.”
He further said, “Dubai consistently offers outstanding examples of collaboration and synergy between the private and public sectors. With the programme’s enrollment exceeding 1,000 citizens and real estate companies continuing to join the strategic alliance within a short period, we are diligently working towards achieving all the ambitious goals of the Dubai Real Estate Brokers Programme. In particular, Emirati real estate brokers will increase from 5% to 15% over the next three years.”
The inaugural training course, hosted by the New Economy Academy, marks the beginning of over 15 workshops scheduled by year-end as part of the programme. These sessions are designed to empower, qualify, and train participants, opening up employment opportunities for citizens and facilitating the issuance of real estate broker licenses to eligible individuals. As a vital component of the ‘Rehabilitation Project’ within the real estate brokerage sector, these initiatives involve collaboration with esteemed industry experts, equipping participants with the necessary credentials to obtain a real estate broker license, improve the profession by educating affiliated brokers on industry best practices and ethical standards, and streamline processes for real estate transactions such as buying, selling, and leasing.
The qualification project is one of the components of the newly introduced Dubai Real Estate Brokers Programme. This comprehensive program encompasses various initiatives, including Emirati real estate broker licensing, encouraging real estate developers to allocate a portion of their sales to Emirati brokers, empowering citizens in the real estate sector, and fostering the UAE business group for real estate brokerage.
Under the partnership with the private sector, participants will receive various support packages aimed at enhancing the competitive edge of UAE citizens and enabling them to take up roles in the real estate sector. This includes the development and implementation of quality projects, collaboration on joint projects to foster sector growth, promoting innovation and sustainability, providing guidance and vocational training to national citizens, and supporting their empowerment in the private sector. Efforts will also be made to allocate 10 percent to 15 percent of the development company’s sales to be marketed by Emirati real estate brokers, further contributing to the empowerment of national citizens by offering them employment opportunities in real estate development.
Ends
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