DLD establishes first phase of strategic partnerships with 9 realty developers
A grand view of the Dubai Land Department building in Dubai.
The strategic alliance agreement was signed by Engineer Marwan bin Ghalita, Acting Director General of Dubai Land Department, along with officials representing leading real estate development companies. These esteemed companies comprise Emaar Properties, Expo Dubai, Deyaar, DAMAC Properties, Azizi Developments, MAG, Sobha Realty, Ellington Properties, and Al Bait Al Duwaliy Real Estate Development. In the coming phases, we will witness further partnerships with prominent developers and real estate brokers in Dubai, which will contribute to qualifying more citizenes in the real estate sector.
This 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% 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.
Eng. Marwan bin Ghalita emphasised the significance of this alliance and its contribution to realising the objectives of the Dubai Real Estate Brokers Programme. Launched to increase citizen participation in the real estate market, the program aims to incentivise their involvement in real estate activities, thereby enhancing their engagement in one of Dubai’s pivotal economic sectors: the real estate industry.
He said: “At DLD, we are committed to implementing the directives of our wise leadership, emphasising the empowerment of citizens across diverse fields. This commitment is evident in our focus on nurturing and enhancing national skills, which are integral components outlined in the Dubai Social Agenda 2033 and the Dubai Economic Agenda D33 initiated by our visionary leadership. 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.”
The agreement also involves collaboration on joint projects with the Dubai Land Department to advance the real estate sector and foster a culture of innovation and sustainability. Additionally, it entails working with the DLD to provide guidance, professional training, and support for national talents, attracting them to the private sector and enhancing their specialised skills to establish their businesses in the real estate market.
Reportage Properties: Reportage Properties, the leading UAE real estate developer, organized a special sales day and a suhoor evening, at the Ritz-Carlton Abu Dhabi, Grand Canal. The company is making special offers on local and international projects, with a special Ramadan night.
The “Reportage Properties” portfolio includes 33 projects in the UAE, Egypt, Turkey, Morocco and Saudi Arabia .
Reportage confirmed their interest in providing more special offers and discounts on all projects, in a way that meets the aspirations of buyers and investors, whether inside or outside the UAE, which enhances the company’s sales in all local and global projects.
“Reportage Properties” sales topped Dhs3.7b ($1 billion) during 2023, compared to Dhs2.3b during 2022, with a growth exceeding 60%. “Reportage” also achieved sales exceeding the one billion dirhams barrier, during the first two months this year. Total sales value exceeded Dhs4.7bn since the beginning of 2023, until the end of last month.
Reportage Properties confirmed that they will continue to launch more new projects in line with the requirements of customers and investors, inside and outside the UAE.
Reportage recently revealed the launch of the new “Royal Park” project in Masdar City, Abu Dhabi, which consists of 844 residential units.
In Dubai, the company launched “Reportage Village” during the third quarter of 2023, which includes 1,767 residential units. They also launched the “Bianca” project in Dubai, which includes 653 townhouses.
Reportage confirmed the implementation of existing projects according to the specified time plan, so as to be handed over to buyers on the scheduled dates.
Reportage Properties recently completed the Oasis 2 project in Masdar City, which includes about 304 residential units.
Earlier last year, Reportage had begun the completion and handing over of the “Oasis Residence 1” in Masdar City, as well as the units of the “Leonardo Residence” in Masdar City, in addition to the units of the “Al Raha Lofts” project in Al Raha Beach area in Abu Dhabi.
The company also completed the first phase of the “Rakan Lofts” project, which the company is developing in the “Dubailand” area in cooperation with the “Continental Investment”.
