The Mohammed bin Rashid Foundation for Small and Medium Enterprises Development has announced a memorandum of understanding with the Dubai Land Department. This partnership aims to enhance coordination between the two organizations and empower Emirati-owned small and medium enterprises to boost their involvement in the growing real estate sector of the emirate.
Under this agreement, the Dubai Land Department will facilitate the entry of foundation members into activities related to homeowners’ associations and various real estate operations. Additionally, it will promote collaboration among real estate companies and foundation members in areas such as design, contracting, consulting, and property management. This initiative supports the integration of these businesses into the value chain of the sector and enhances their opportunities to contribute to real estate development projects in Dubai.
This initiative aligns with the Dubai Economic Agenda D33, which aims to double the emirate’s economy by 2033 and solidify its position as the fastest-growing global hub attracting multinational, small, and medium enterprises as well as local businesses. As part of its efforts to empower Emirati talents and skills, the Mohammed bin Rashid Foundation seeks to support the launch of 8,000 new companies by 2033, raising the supported businesses to 27,000, compared to approximately 19,000 at the end of 2024. The agreement is also in line with the Dubai Real Estate Strategy 2033, which aims to increase home ownership rates, enhance the sector’s contribution to GDP, and ensure transparency and competitiveness in the market.
Commenting on this development, Ahmad Al-Romeihy, acting CEO of the Mohammed bin Rashid Foundation, stated: “This partnership with the Dubai Land Department aligns with our leadership’s ambitious vision and demonstrates our commitment to enhancing the participation of Emirati entrepreneurs in promising growth sectors, especially real estate, which is fundamental to the emirate’s economic diversification efforts. Furthermore, this agreement facilitates direct cooperation between entrepreneurs and real estate developers, building confidence in the support systems for small and medium enterprises and reaffirming Dubai’s role as a global hub for entrepreneurship and innovation.”
On the other hand, Abdullah Ahmed Al-Shihhi, CEO of the Real Estate Regulatory Agency at the Dubai Land Department, emphasized that the agreement underlines “Dubai Land’s commitment to enhancing integration among government entities and expanding strategic partnerships that underpin the sustainable growth of Dubai’s real estate sector. We regard small and medium enterprises as a vital part of the value chain within this sector and strive to empower them to operate within a clear and incentivizing regulatory framework, thus enhancing their readiness for active participation in various real estate activities. We remain dedicated to providing regulatory frameworks and guidelines to improve compliance, support the development of national competencies, and align with the objectives of the Dubai Real Estate Strategy 2033, ultimately boosting market competitiveness and transparency.”
This agreement prioritizes compliance and regulatory awareness, with the Dubai Land Department committed to providing members of the Mohammed bin Rashid Foundation with the necessary guidance on real estate legislation and operational requirements. The partnership includes organizing workshops and joint awareness initiatives to improve knowledge of the sector and raise professional standards among entrepreneurs.
In return, the Mohammed bin Rashid Foundation will promote the services of the Dubai Land Department through its diverse platforms and networks, facilitating members’ access to related services. The foundation will also organize specialized training programs and coordinate initiatives to connect small and medium enterprises with real estate developers and stakeholders. Moreover, developers who support the involvement of these enterprises will be recognized, thereby enhancing shared value within the sector and promoting a culture of collaboration, which is a cornerstone of Dubai’s economic strategy.
The Dubai real estate sector has continued to perform exceptionally in the first quarter of 2026, recording property transactions totaling approximately 252 billion AED through more than 60,303 transactions, marking significant growth compared to the same period last year. This indicates a strong investment momentum and sustainable market demand. Total real estate investments during this timeframe reached around 173 billion AED with 57,744 investments, reflecting the growing confidence of both local and international investors and reinforcing Dubai’s position as a leading global destination for real estate investment.
The emirate exemplifies genuine partnership and fruitful collaboration between the public and private sectors, presenting a model for inclusive and fair growth, where entrepreneurial initiatives align with regulatory clarity and strategic coordination, establishing a resilient and competitive economy on the global stage.