Harbor Real Estate has strengthened its position as a talent incubator, proudly being home to the top Emirati real estate broker in terms of the number of transactions in 2024. This reflects its commitment to developing Emirati talent and empowering citizens in the real estate sector.
The private company boasts the highest Emiratization rate in the real estate sector, with its team comprising more than 300 licensed Emirati real estate brokers, representing over 77% of the company’s total team. This comes as part of its support for the Dubai Emirati Real Estate Broker Program.
In a new achievement, the company has been awarded the Gold Rating for the seventh consecutive year by the Dubai Land Department, making it the only real estate company in the UAE to achieve this distinction for the longest continuous period.
This rating is based on a comprehensive assessment that includes the number and value of real estate transactions, academic and professional competence, quality of service, real estate innovation, and contribution to the community and the real estate sector. This reinforces its position as one of the most important players in the growth and sustainability of the Dubai real estate market. Dr. Muhannad Al Wadiah, CEO of the company, topped the list of licensed real estate brokers in Dubai for 2024, according to the Dubai REST app, the official app of the Dubai Land Department. Al Wadiah achieved a 5-star rating, the highest in real estate ratings.
Al Wadiah scored 96.8 points, completing 1,121 real estate transactions during the year, topping a list of more than 25,000 licensed real estate brokers in the emirate, confirming its position as the most prominent real estate broker in Dubai.
Strategic Initiatives
The company played a key role in supporting and developing the real estate sector through its participation in several of the department’s strategic initiatives, including the Dubai Real Estate Strategy 2033, which aims to enhance the sustainability and growth of the real estate market and consolidate the emirate’s position as a global hub for real estate investment.
This role reflects the company’s commitment to contributing to the development of regulations, enhancing transparency, and supporting the department’s efforts to improve the real estate investment environment and attract more global investors to Dubai.
AED 20 billion
The company continues its leadership by managing a corporate real estate portfolio worth more than AED 20 billion, comprising assets belonging to several major institutions, such as the Dubai Awqaf and Minors Affairs Foundation, National Bonds Corporation, Emirates REIT, and Emirates NBD, along with several major investment entities.
A Firm Commitment
Al Wadiya said: “Our achievement of the Gold rating for the seventh consecutive year is a testament to our unwavering commitment to excellence, not only in terms of the number and value of transactions, but also through our contribution to developing the real estate sector and serving the community.”
He added: “My achievement of first place in the application, with a 5-star rating and the highest rating, is further confirmation of our efforts to provide integrated real estate services that exceed our customers’ expectations.”
He noted: “Our leadership in Emiratization of the real estate sector and the development of Emirati talent reflects our commitment to Dubai’s vision of empowering national talent. Our participation in strategic initiatives such as the Dubai Real Estate Plan 2033 further strengthens our role as a key partner in developing the emirate’s real estate market.”