DLD Designates up to 15 percent of Property Sales for Emirati Brokers

On March 31, 2024, the Dubai Land Department (DLD) announced its partnership with nine prominent developers, spanning private enterprises and government-backed entities, to allocate a particular portion of property sales in Dubai to Emirati real estate brokers. This marks a significant step towards boosting citizen involvement in the city's thriving real estate market.

Under the terms of agreements inked with industry giants such as Emaar Properties, Deyaar, Expo Dubai, DAMAC Properties, MAG, Sobha Realty, Ellington Properties, Azizi Developments, and Al Bait Al Duwaliy Real Estate Development, the DLD has committed to setting aside 10% to 15% of each developer's property sales through Emirati brokers.

The government entity has embarked on this groundbreaking initiative to bolster job opportunities for its residents and foster the growth of local talent in the property industry. The aim is to seamlessly integrate Emirati nationals into the real estate sector and push Dubai's economic growth trajectory forward. 

About the Dubai Real Estate Programme:

This move aligns with the ambitious "Dubai Real Estate Programme," which seeks to empower local talent by providing comprehensive support, including guidance, professional training, and necessary resources.

This is the first phase of the strategic alliance agreement signed by His Excellency Engineer Marwan bin Ghalita, Acting Director General of Dubai Land Department, and officials representing leading real estate development companies. DLD plans to expand its network further by signing contracts with more developers in the upcoming months.

H.E Marwan bin Ghalita expressed his optimism for the future, highlighting this program's pivotal role in elevating Dubai's real estate sector to new heights nationally and internationally. With a shared vision and concerted efforts, Dubai is set to redefine the landscape of its real estate industry, ensuring prosperity and success for its citizens and stakeholders alike.