Inayat-ur-Rahman, Business Editor

A leading Dubai-based developer Binghatti has entered in a strategic partnership with  Dubai Land Department (DLD) to enhance the role of UAE nationals in the real estate market. The agreement was signed by DLD Director General Marwan Bin Ghalita and Binghatti Chairman Muhammad BinGhatti.

This partnership supports the Dubai Real Estate Broker Program launched by DLD last March. The programme aims to integrate public and private sector efforts and encourage Emirati agents and investors to participate in real estate transactions, thereby strengthening one of Dubai’s key economic sectors.

As part of this initiative, Binghatti is offering exclusive discounts and flexible 50-50 payment plans for selected projects for Emirati investors. Additionally, the developer will provide an extra 1% agent fee for transactions made by Emirati agents.

“We are honoured to collaborate with DLD and support its mission. This strategic partnership is a significant milestone in our efforts to empower Emirati investors and agents. By fostering inclusivity between private and public sectors, we are not merely strengthening Emirati participation in the real estate market, but also ensuring Dubai’s thriving, dynamic, and sustainable future,” Binghatti Chairman Muhammad BinGhatti commented.   This partnership is one of the multiple initiatives organized by the Government of Dubai’s Land Department to prepare Emirati cadres for the highest levels of efficiency, skills and professionalism. “At Binghatti, we have the honor of working with several exceptional local agents and some of them have achieved phenomenal performance for our projects. As part of our trusted partners, they have provided us deeper insight and understanding of Dubai’s dynamic market. Binghatti aspires to become a role model in empowering the youth, especially among the local Emirati population through this partnership,” the Chairman added.