Are you from the Emirate and looking for better opportunities in the real estate market? Binghatti, a leading developer in Dubai, and the Dubai Land Department (DLD) have a new partnership to help you.

This collaboration aims to empower Emirati investors and agents and provide them with new opportunities and benefits within the real estate sector.

Binghatti, DLD To Enhance Role Of UAE Nationals In the Real Estate Market

Binghatti has entered into a strategic partnership with the DLD to enhance the role of UAE nationals in the real estate market. The agreement, signed by DLD Director General Marwan Bin Ghalita and Binghatti Chairman Muhammad BinGhatti, marks a significant step towards achieving this goal.

This partnership supports the Dubai Real Estate Broker Programme launched by the DLD in March. The program is designed to integrate efforts from both the public and private sectors to encourage Emirati agents and investors to participate in real estate transactions.

By doing so, it aims to strengthen one of Dubai’s key economic sectors. This collaboration will not only foster Emirati participation but also ensure the real estate market remains dynamic and sustainable.

Benefits For Emirati Investors And Agents

As part of this initiative, Binghatti is offering exclusive benefits to Emirati investors and agents. These include discounts and flexible 50-50 payment plans for selected projects, making it easier for Emiratis to invest in real estate.

Furthermore, Emirati agents will receive an extra 1% agent fee for transactions they facilitate, providing an additional financial incentive for their involvement.

The chairman expressed enthusiasm about the partnership, emphasizing the honor of collaborating with the organization to support its mission. This strategic partnership represents a significant milestone in efforts to empower investors and agents.

By fostering inclusivity between private and public sectors, the initiative aims to strengthen participation in the real estate market and ensure a thriving, dynamic, and sustainable future for the region.

Also Read: Optimism In Real Estate Industry Stakeholders Highest In 10 Years: Report

Commitment To Local Talent

This partnership is part of a broader effort by the Government of Dubai’s Land Department to prepare Emirati cadres for the highest levels of efficiency, skills, and professionalism.

Binghatti has shown a strong commitment to this goal by hiring more than 50 Emirati employees in the past six months. These employees have taken on leadership roles across different sectors within the company.

Working with several exceptional local agents has led to a phenomenal performance on various projects. These trusted partners have provided deeper insights and understanding of Dubai’s dynamic market.

The goal is to become a role model in empowering the youth, particularly within the local Emirati population, through this partnership.

Future Projects And Investments

Binghatti has ambitious plans for the future. The company intends to launch 12 new real estate projects in the second half of this year, with an investment of more than Dh10 billion. These projects are expected to drive significant growth and development in Dubai’s real estate market.

The company’s current projects are progressing well, with high demand and strong sales figures. For instance, the Mercedes Benz Places – Binghatti project has achieved about 90% sales, while the Jacob & Co Residences project has exceeded 50% sales. 

These numbers highlight the strong interest and confidence investors have in Binghatti’s developments.

Chairman Muhammad BinGhatti noted that the real estate market in Dubai has become very attractive to investors from all over the world. Nationalities such as Americans, Russians, Europeans, and Asians are showing a strong desire to invest in Dubai and the UAE.

This international interest further underscores the strength and appeal of Dubai’s real estate sector.

High Investment Returns

The Dubai real estate market offers high investment returns, making it an attractive option for investors. The rental return in Dubai is not less than 7-8%, which is quite high compared to other markets.

This is largely due to the ease of establishing and launching new businesses in Dubai, which can often be done within hours. This ease of doing business makes Dubai a prime location for investors looking for stable and profitable opportunities.

Arshad Darbar On The Binghatti-Dld Partnership

Arshad Darbar, a seasoned real estate expert with years of experience in the market, shared his thoughts on the recent partnership between Binghatti and the Dubai Land Department (DLD). Darbar believes this collaboration is a significant move towards enhancing the role of UAE nationals in the real estate sector.

He commented, “This partnership is a game-changer for the Emirati real estate community. By offering exclusive discounts and flexible payment plans, Binghatti is making it more accessible for Emirati investors to enter the market.

The additional agent fee for Emirati brokers is also a smart incentive that will encourage more local talent to participate actively.”

Darbar emphasized the importance of such initiatives in strengthening the local economy. “Empowering local agents and investors not only boost the real estate market but also ensures sustainable economic growth. Binghatti’s commitment to hiring and developing Emirati talent sets a positive example for other developers.”

He also noted the broader impact of this partnership. “The high sales figures for Binghatti’s current projects indicate strong market confidence. This collaboration between public and private sectors will likely attract more international investors, further enhancing Dubai’s reputation as a global real estate hub.”

Conclusion

The partnership between Binghatti and the Dubai Land Department is a promising development for Emirati investors and agents. With exclusive discounts, flexible payment plans, and additional agent fees, Emiratis have more incentives to participate in the real estate market.

This collaboration is a step towards a more inclusive and dynamic future for Dubai’s economy.

For Emiratis looking to enter the real estate market, this partnership offers new opportunities and benefits. It also shows Binghatti’s commitment to supporting local talent and contributing to the sustainable growth of Dubai’s real estate sector.

This strategic collaboration will not only boost Emirati participation but also ensure the continued dynamism and sustainability of Dubai’s thriving real estate market.