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Volunteer engagement and the formation of committees are vital tools for organizational growth, fostering innovation, and enhancing governance. These initiatives allow for diverse expertise to converge, ensuring efficient decision-making and strategic alignment with broader goals. Here's how the Dubai Real Estate Brokerage and Property Management Group is utilizing this strategy to foster sustainable development.

The Power of Volunteerism

Research underscores the transformative potential of volunteerism. Deloitte highlights that 70% of organizations leveraging volunteers report improved morale, teamwork, and community engagement. Harvard Business Review adds that empowered, diverse teams make better decisions 87% of the time, contributing to a 20% increase in innovation revenues.

By integrating volunteers into committees, the group taps into a rich pool of expertise, driving forward initiatives that reflect the collective vision of its members.

Committee Formation and Structure

Committees are formed under the governance of the Board of Directors, ensuring accountability and alignment with the group’s objectives. Each committee is led by a board member and comprises members selected based on their expertise and dedication. This ensures not only functional efficiency but also adherence to the highest standards of governance.

Key committees include:

1. Advocacy and PR Committee
   Advocates for members' interests and liaises with stakeholders on legislative and regulatory matters.

2. Professional Standards Committee
   Focuses on ethical benchmarks and compliance with industry best practices.

3. Outreach and Partnerships Committee
   Builds global connections, enhancing Dubai’s reputation as a premier real estate hub.

4. Events Committee
   Organizes workshops and events to educate and engage stakeholders.

5. Membership Committee
   Drives recruitment and retention while ensuring members receive clear benefits.

6. Finance and Audit Committee
   Oversees financial operations, ensuring fiscal responsibility and transparency.

Governance Through Committees

Committees operate under a robust governance framework. Regular meetings, progress reports to the Board, and strict adherence to legal and ethical guidelines ensure effectiveness and transparency. A structured approach to succession planning further enhances sustainability, aligning all activities with the group's long-term objectives.

Driving Forward

The Dubai Real Estate Brokerage and Property Management Group’s approach to volunteerism and committees exemplifies a commitment to community engagement and innovation. By fostering collaboration and ensuring a well-governed structure, the group is not only achieving its immediate goals but also laying a foundation for enduring success.

This strategic initiative is a call to action for members and stakeholders to participate actively in shaping the future of the real estate sector, making a meaningful impact on the industry and the community it serves.

 Click here to submit your Volunteer Application

Dubai, UAE – June 7, 2024 – The Dubai Real Estate Brokerage and Property Management Group, chaired by Eng. Zuhair bin Redha, participated in the 2nd Business Groups & Business Councils Roundtable Discussion held at the Dubai Chambers on June 7, 2024. The event was a forum for discussing key economic initiatives and enhancing business relations within the region.

Organized by the Dubai Chamber of Commerce, the roundtable was a platform for over 100 business groups and councils to engage in meaningful dialogue on various matters of strategic importance. Among the critical issues addressed were the establishment of new business councils for Colombia, Costa Rica, Hellenic Republic, Mexico, and Poland, which aims to fortify international business relations and foster economic growth.

One of the focal points of the discussion was the advocacy efforts led by the Dubai Chambers, aimed at improving business operations across sectors. This includes initiatives like the "Zero Government Bureaucracy" project and resolving challenges in the real estate and steel sectors. The discussion also highlighted Dubai's strategic plan to create a comprehensive list of potential international investment partners, an initiative set to attract significant foreign investment to the Emirate.

Key attendees at the event included Maha AlGargawi, Vice President of Business Advocacy at Dubai Chambers; Rami Muhanna, Alia Binkaram, and Omar AlHashmi from the Business Relations Team; and representatives from newly established councils and international investment communities.

Eng. Zuhair bin Redha's participation underscores the Group's commitment to fostering robust business networks and contributing to Dubai's dynamic economic landscape. “This roundtable provides a vital platform for real estate professionals to engage with policymakers and international counterparts, aligning our strategies to support Dubai's ambitious economic vision,” stated Eng. Zuhair bin Redha.

The Dubai Real Estate Brokerage and Property Management Group (BPMG Dubai) is a not-for-profit organization dedicated to enhancing the professional standards and business practices within Dubai's real estate brokerage and property management sectors. Committed to fostering collaboration and knowledge sharing, BPMG Dubai serves as a vital resource for real estate brokers, property managers, and related stakeholders. Through advocacy, networking events, and continuous professional development programs, the group aims to elevate the quality and integrity of real estate services in Dubai, ensuring a thriving, sustainable market for all participants.

Dubai February 23, 2024: Eng. Zuhair Ali Bin Redha, Chairman of the Dubai Real Estate Brokerage and Property Group, and Waqar Hasan, CPM, Vice Chair of the Group, met with Mr. Alireza Memar, Global Ambassador of the National Association of Realtors (NAR). This meeting aimed to discuss and improve professional standards within Dubai's real estate industry.

Key topics included the need for a stronger real estate community voice in lobbying governments and regulatory bodies, and the advantages of implementing a Multiple Listing System (MLS) to enhance transparency, efficiency, and broker collaboration. The discussion also highlighted the importance of clear Buyer and Seller Representation to protect the interests of all parties involved in real estate transactions.

A notable issue addressed was the problem of multiple brokers advertising the same property, leading to unnecessary advertising duplication and confusion about property availability. This inefficiency highlights the benefits of broker cooperation to conserve resources and seize opportunities. Additionally, the meeting covered the adoption of international best practices, including Fair Housing practices for equal treatment and non-discrimination, and the proposal to establish credit unions for financial support to realtors.

The Dubai Real Estate Brokerage and Property Management Group, an initiative by the Dubai Chamber in line with the D33 agenda of the Dubai government, aims to enhance private sector representation and raise the real estate industry's standards to global levels. The National Association of Realtors (NAR), with over 1.5 million members globally, advocates for its members and aims to elevate their professionalism and success. This dialogue marks a significant step towards achieving these goals within Dubai's real estate sector.