The Dubai Land Department (DLD) has launched the Emirati Real Estate Business Incubator, a strategic initiative developed in partnership with Dubai Silicon Oasis, the New Economy Academy, and the Rochester Institute of Technology – Dubai (RIT Dubai).
The program aims to empower Emirati talent and foster innovation within the real estate sector.
The move is part of ‘The Emirates: The Startup Capital of the World’ national campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to strengthen the UAE’s position as a leading global hub for entrepreneurship.
The UAE: the Startup Capital of the World national campaign is overseen by the Ministry of Economy and Tourism in collaboration with the UAE Government Media Office, with the participation of the UAE Council for Entrepreneurship and over 50 government entities, private organizations, business incubators and accelerators, and leading academic institutions.
Badr Buhannad Director General Dubai Silicon Oasis
“Our collaboration with Dubai Land Department and the New Economy Academy, along with academic partners, will help provide a stimulating environment where participants can leverage an integrated ecosystem that merges technology, real estate, and entrepreneurship. Hosting the program underscores our commitment to developing Emirati talent, empowering them to build integrated business ecosystems and successful projects that drive their contribution to the national economy. It also promotes DSO as a hub for knowledge and an incubator of innovation and future communities.”
First edition of Emirati Real Estate Business Incubator
The first edition of the 6-month Emirati Real Estate Business Incubator will launch on 27th October at Dubai Silicon Oasis, the specialized economic zone for knowledge and innovation operating under the Dubai Integrated Economic Zones Authority (DIEZ). The program will incubate 50 Emirati real estate firms, guiding them in the transition from independent brokers to established, full-time real estate agencies.
The Emirati Real Estate Business Incubator aims to enhance participants’ skills, enabling them to build their own brokerage firms, enter the market confidently, and manage their businesses according to global best practices.
The Emirati Real Estate Business Incubator is designed to provide participants with a deep understanding of the UAE’s real estate market, covering everything from regulatory and financial procedures to market analysis and feasibility studies, while also exploring the impact of economic growth on the sector.
It delves into the legal aspects of starting a business, contract drafting, and corporate structure planning. The curriculum also addresses human and financial resource management and explores partnerships with banks and developers.
Upon completion, participants receive an accredited certificate from the program’s academic partners and benefit from a full year of professional follow-up and individual mentorship with industry consultants.
