Aligned with the Dubai Economic Agenda D33, Dubai Social Agenda 33, and the Dubai 2040 Urban Master Plan, this strategy seeks to establish Dubai as a global innovation and sustainable growth leader. The real estate market has seen remarkable activity, with over 163,000 transactions totaling more than AED 544 billion in the first nine months of 2024, and investments nearing AED 376 billion, supported by cutting-edge infrastructure and a robust legal framework.
Marwan Ahmed bin Ghalita, Director General of Dubai Land Department, stated that this strategy embodies the vision of Mohammed bin Rashid, fostering a transformative shift in the real estate sector towards sustainability. The strategy outlines specific key performance indicators aiming to double the sector’s contribution to Dubai’s GDP to approximately AED 73 billion and grow real estate transactions by 70%, with a market value target of AED 1 trillion.
This comprehensive approach includes programs to enhance transparency, promote affordable housing, and integrate Emirati talent into the sector, thereby strengthening local competitiveness. Leveraging advanced technology such as AI for decision-making and customer experiences is central to this strategy. Key initiatives like the Real Estate Evolution Space (REES) aim to spur innovation through public-private partnerships, cementing Dubai’s leadership in real estate technology.
