The Dubai government is actively promoting the participation of Emiratis in the rapidly expanding real estate sector by launching a specialized diploma program. This initiative, in collaboration with the Higher Colleges of Technology (HCT), seeks to equip local citizens with essential skills that will enable them to thrive in the competitive property market.

Introduction to the Real Estate Diploma

This diploma is structured as a two-year program encompassing over 90 hours of targeted education. Participants will delve into crucial aspects of property management, valuation, and appraisal, gaining firsthand insight into effectively interacting with property owners and tenants. The program is part of a broader strategy by the Dubai Land Department to empower Emiratis and encourage their involvement in this lucrative field.

Industry Support and Practical Training

Notably, this initiative has garnered backing from several of the UAE’s foremost real estate developers, including Emaar Properties and Aldar Properties, among others. These companies will contribute by offering practical training opportunities and sharing their expertise, thereby enhancing the educational framework of the diploma. This collaboration is vital, as it seeks to cultivate a skilled pool of Emirati talent capable of navigating the demands of an evolving real estate landscape.

As of now, specific details regarding the timeline for the introduction of the diploma and the commencement of enrollment have not been publicly announced. It is, however, an intriguing development for the approximately 26,000 students currently enrolled across 16 HCT campuses, where a staggering 98% are Emiratis.

Responding to Market Demand

The push to train more Emiratis in the property sector comes in response to a notable surge in real estate activity. Last year, Dubai’s market experienced a record-breaking 270,000 transactions, reflecting a 20% increase from the previous year. The total value of these transactions soared to AED 917 billion (approximately USD 250 billion), marking a significant milestone in the region’s economic growth.

Since the establishment of the Real Estate Empowerment Program in 2024, hundreds of Emiratis have gained employment in the sector. Omar Hamad Bu Shehab, the Director General of the Dubai Land Department, emphasized the importance of cultivating national talent within the real estate market. With 1,800 Emiratis currently employed in the industry and over 2,000 licensed Emirati brokers, the initiative aims to further strengthen this presence.

Career Pathways and Licensing Requirements

The diploma program will open pathways for graduates to either continue their academic journeys or apply for professional licenses, ensuring they meet the necessary regulatory standards. Prospective real estate agents and brokers must obtain a license from the Dubai Land Department to practice in the emirate. This entails completing mandatory training, passing examinations, and fulfilling residency requirements.

It’s important to highlight that careers in real estate often operate on a commission basis, making them both lucrative and laden with risk. While larger agencies may offer a consistent flow of leads, they typically provide lower commission rates, creating a dynamic yet challenging environment for those entering the field. Hence, the diploma will not only equip Emiratis with theoretical knowledge but also practical application, ensuring they are well-prepared for the unique challenges and opportunities in Dubai’s thriving real estate market.

In summary, this initiative is set to empower the Emirati workforce, fostering a new generation of skilled professionals ready to make their mark in the real estate sector.