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Real estate working group

Walid Al Zarooni

July 04, 2022

The significant growth of Dubai's economy demonstrates the tangible positive impact of government policies and measures aimed at supporting the economic sectors, as the emirate's government provided various support packages, which enhanced the business sector's ability to produce and adapt to the conditions of the global economy.

Thanks to this continuous growth, the building and construction sector has flourished, whether contractors, real estate developers, as well as brokers, and support services.

With the real estate sector in Dubai reaching a stage of maturity in its strategic, operational, organizational and human aspects and levels, reaching the finest and most modern international systems, the sector has recently witnessed a comprehensive developmental leap, especially since the emirate was and still is a pioneer in marketing its properties in accordance with laws and regulations that have increased the attractiveness of the Dubai real estate sector. sector.

The matter of development and growth did not stop at this point, but included the field of real estate brokerage, which is going through its best period ever, amid the recovery in demand for real estate, and the market reaching a historical stage of ascent, month after month.

From this point of view, the existence of a working group that operates as a national association or an umbrella for real estate brokers has become a necessity to keep pace with these developments, which help - beyond any doubt - in increasing and improving the quality and efficiency of real estate transactions and services, and enhancing the position of the sector regionally and internationally.

This association will serve as a bridge between regulators and the different parties in the market, as it reflects and invests in the strengths of the sector, and monitors and strengthens weaknesses.

The main objective of the proposed group will be to enhance cooperation among members, and to participate effectively in making the comprehensive renaissance in the real estate sector, including supporting the development and development trends of this vital sector, due to its important position in the structure of the local economy.

Among the group's primary tasks will also be the exchange of experiences and the promotion of cooperation between real estate brokers, in line with global developments.

And the matter does not stop there, but the group’s objectives also include increasing real estate knowledge and qualification, and continuing education for brokers by organizing periodic training courses for workers in the field of real estate brokerage, to enhance knowledge of laws and legislation in the real estate market, and subject employees to tests, to control market activity.

Certainly, the presence of a pool of real estate brokers maintains the momentum within the real estate market in Dubai, and is in the interest of the sector, and activates sales volumes and good promotion of the emirate's reputation.

The Dubai Land Department spares no effort in developing the necessary legislation to ensure the regulation of the real estate sector, encourage and manage investment in it, in addition to disseminating real estate knowledge and culture.

The department also seeks to achieve leadership in the real estate markets regionally and globally, through its active sectors, namely: registration and real estate services, the promotion and management of real estate investment, and institutional support through its active institutions: the Real Estate Regulatory Agency, the Dubai Real Estate Institute, and the Rental Dispute Resolution Center.

The significant growth of Dubai's economy demonstrates the tangible positive impact of government policies and measures.

Chairman of the Board of Directors of “W Capital Real Estate Brokerage Company”

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