The Dubai Real Estate Broker Programme: Empowering Emirati Citizens in the Real Estate Industry

The Dubai Land Department recently announced the opening of enrolment for the Dubai Real Estate Broker Programme aimed at increasing the participation of Emirati citizens in private sector businesses. The programme, which aligns with Dubai’s agenda and initiatives, has generated an overwhelming response, with over 1,000 Emirati citizens submitting applications for membership.

Background

In 2006, the Dubai government passed By-law No. 85, which regulates the activities of real estate brokers and establishes a special register for licensing brokers in the Emirate. The law mandates that anyone seeking to practice brokerage activities must be licensed and registered in the broker’s special register. Additionally, brokers are required to comply with professional ethics as laid out in the Code of Ethics prepared by the Permanent Committee of the Real Estate Brokers.

The Dubai Real Estate Broker Programme

In accordance with the Brokers Law’s requirements, the Dubai Real Estate Broker Programme provides training courses to UAE citizens, qualifying and training them and introducing them to the necessary qualifications for obtaining a real estate broker license. The programme seeks to empower Emirati citizens by providing job opportunities and allowing them to obtain a citizen real estate broker license with the guidance of prominent real estate industry experts.

Elevating Professionalism and Awareness

The programme’s training initiatives aim to raise the level of broker professionalism and real estate awareness, educating them on best practices and ethical standards. Participants receive specialized training to create their own businesses and are introduced to real estate buying, selling, and leasing transactions. This focused approach not only enhances the brokers’ skillset but benefits the real estate industry as a whole.

Empowering Emiratis in the Real Estate Industry

The Dubai Real Estate Broker Programme encourages Emiratis to participate in the real estate industry actively. It further enhances efforts to allocate 10% to 15% of a development company’s sales to be marketed by Emirati real estate brokers, ultimately providing more job opportunities in real estate development companies, empowering the UAE citizens in this field.

Conclusion

The Dubai Real Estate Broker Programme is a crucial step in empowering Emirati citizens in the real estate industry. By providing training, licensing, and job opportunities, the programme ultimately benefits the industry as a whole while encouraging increased Emirati participation. The overwhelming response to the programme clearly indicates the potential for growth in the industry and the UAE’s commitment to diversifying its economy.

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Dubai Land Department Launches Real Estate Broker Programme