An understanding between the Mohammed bin Rashid Establishment for Enterprise Development and the Land Department

DUBAI, 16 APRIL / WAM / The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development, one of the institutions of the Department of Economy and Tourism in Dubai, announced today the signing of a memorandum of understanding with the Dubai Land Department, with the aim of enhancing coordination between the two parties, and enabling small and medium-sized companies owned by Emiratis to increase their participation in the growing real estate sector in the emirate.

Under this memorandum, the Dubai Land Department will work to pave the way for the organization’s members to enter activities related to owners’ associations and various operations in the real estate sector, as well as to enhance cooperation between real estate companies and the organization’s members in the fields of design, contracting, consulting, and real estate management, in a way that supports the integration of these companies within the value chain in the sector, and enhances the opportunities for their contribution to real estate development projects in Dubai.

This step comes in support of the goals of the Dubai Economic Agenda D33, which aims to double the size of the emirate’s economy by 2033, and consolidate its position as the fastest growing global center and the most attractive for multinational, small and medium-sized companies as well as local companies.

Within the framework of empowering Emirati competencies and talents, the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development seeks to support the launch of 8,000 new companies by 2033, and raise the number of supported companies to 27,000 companies, compared to about 19,000 companies by the end of 2024.

The memorandum of understanding is also in line with the Dubai Real Estate Sector Strategy 2033, which aims to increase home ownership rates, enhance the sector’s contribution to the gross domestic product, and establish transparency and competitiveness in the market.

For his part, Ahmed Al Roum Al Muhairi, Acting Executive Director of the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development, said: This partnership with the Dubai Land Department comes in line with the ambitious vision of our wise leadership, and reflects our commitment to enhancing the participation of Emirati entrepreneurs in vital sectors with promising growth, especially the real estate sector, which represents a fundamental pillar in the economic diversification efforts in the emirate. This agreement also contributes to opening direct channels of cooperation between entrepreneurs and developers. Real estate developers, which enhances confidence in the system of supporting small and medium-sized companies, and confirms Dubai’s position as a global center for entrepreneurship and innovation.

Engineer Abdullah Ahmed Al Shehhi, Executive Director of the Real Estate Regulatory Agency at the Dubai Land Department, said that this agreement confirms Dubai Land Department’s keenness to enhance integration between government agencies and expand the scope of strategic partnerships that support the sustainability of the growth of the real estate sector in Dubai. He pointed out that small and medium-sized companies are an important tributary to the value chain in this sector, and we seek to enable them to work within a clear and stimulating regulatory environment, and enhance their readiness for effective participation in various real estate activities. We are also keen to provide regulatory frameworks. And guidelines that ensure raising the level of compliance, support the development of national competencies, in line with the objectives of the Dubai Real Estate Sector Strategy 2033, and enhance market competitiveness and transparency.

This memorandum places compliance and regulatory awareness at the top of its priorities, as the Dubai Land Department will work to provide members of the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development with the necessary guidance on real estate legislation and operational requirements, in addition to organizing workshops and joint awareness initiatives, to enhance knowledge of the sector and raise professional standards among entrepreneurs.

In return, the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development will promote the services of the Dubai Land Department through its various platforms and networks, while facilitating its members’ access to relevant services, in addition to organizing specialized training programs and coordinating initiatives to link small and medium-sized companies with real estate developers and concerned authorities.

Developers who support the participation of these companies will be honored, which contributes to enhancing shared value within the sector and consolidating the culture of cooperation that forms one of the pillars of Dubai’s economic strategy.

The real estate sector in Dubai continues to achieve exceptional performance during the first quarter of 2026, as real estate transactions recorded approximately 252 billion dirhams through more than 60,303 transactions, a remarkable growth compared to the same period last year, in clear confirmation of the strength of investment momentum and the sustainability of demand in the market.

The total real estate investments during the same period amounted to about 173 billion dirhams through 57,744 investments, which reflects the growing confidence of local and international investors, and enhances Dubai’s position as a leading global destination for real estate investment.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter