• Economic Impact: The Dubai Real Estate Sector Strategy 2033 aims to significantly increase the sector's economic contribution to the emirate, targeting a rise in transaction volumes.

• Record Transactions: Over 163,000 real estate transactions were recorded in the first nine months of 2024, totaling more than AED 544 billion.

• Investment Growth: Real estate investments reached AED 376 billion during the same period, driven by Dubai's advanced infrastructure and strong regulatory framework.

• Stability in Speculation: Property speculation remains within desirable limits, not exceeding 20%, indicating market stability.

• Strategic Goals: The strategy aims to double the real estate sector’s contribution to Dubai’s GDP to approximately AED 73 billion and increase home ownership rates to 33%.

• Market Value Increase: Targets include growing real estate transactions by 70% and raising the market value to AED 1 trillion.

• Technological Integration: Emphasis on deploying Artificial Intelligence and enhancing data centralisation to improve operational efficiency and market transparency.

• Sustainability Focus: Creating sustainable communities and high-value real estate assets to attract international investment.

• Emiratisation Initiative: The strategy includes empowering Emirati talent within the real estate sector through training and development programs.

• Public-Private Partnerships: Enhanced collaboration through initiatives like the Real Estate Evolution Space (REES) to foster innovation and strengthen global competitiveness.

In an ambitious move to bolster its global standing, Dubai has unveiled the Dubai Real Estate Sector Strategy 2033, designed to transform the property investment landscape and ensure sustainable growth within the emirate. Under the guidance of His Excellency Engineer Marwan Ahmed bin Ghalita, Director General of Dubai Land Department, this strategy seeks to propel Dubai into a new era of real estate excellence.

The strategy was announced amid remarkable market performance, with Dubai's real estate sector witnessing over 163,000 transactions worth more than AED 544 billion in just the first nine months of 2024. Investments have similarly seen a significant upsurge, reaching AED 376 billion, supported by robust infrastructure and an effective regulatory environment. Such figures not only underscore the sector's resilience but also its attractiveness to both domestic and international investors.

The strategy's alignment with Sheikh Mohammed bin Rashid Al Maktoum’s vision of economic and social sustainability is central to it. The strategic objectives are clear: to double the sector's contribution to Dubai's GDP to approximately AED 73 billion, increase homeownership rates to 33%, and escalate transaction volumes by 70%. Furthermore, the aim is to expand Dubai’s real estate portfolio's value by 20 times, reaching AED 20 billion, which sets a high benchmark for future growth.

The strategy is not just about economic gains but also integrates substantial technological advancements to streamline operations and enhance customer experiences. With a focus on Artificial Intelligence and digital solutions, the initiative promises to revolutionize every phase of the property lifecycle, from search and purchase to management and resale, thereby optimizing the customer journey.

Sustainability remains a key pillar, with the plan emphasizing the development of communities that meet the highest standards of quality and environmental friendliness. This approach aims to attract more international investments, particularly from emerging markets, thus broadening the scope and appeal of Dubai’s real estate market.

Another significant aspect of the strategy is its focus on Emiratisation. By empowering Emirati nationals and integrating them more profoundly into the sector, Dubai aims to foster local talent and enhance the sector's competitiveness on a global scale. This is evident from initiatives like the Dubai Real Estate Brokers Programme, which equips Emirati individuals with advanced real estate brokerage skills.

The Real Estate Evolution Space (REES) introduction underscores the commitment to technological innovation. This platform facilitates collaboration among industry leaders to enhance real estate practices and customer satisfaction through cutting-edge technology and AI, setting a new standard in real estate operations.

By fostering public-private partnerships and focusing on continuous innovation, Dubai’s Real Estate Sector Strategy 2033 is set to redefine the urban landscape and ensure the sector's growth and resilience. It aligns with broader economic strategies like the Dubai Economic Agenda D33 and the Dubai 2040 Urban Master Plan.