Dubai's Real Estate Sector Strategy 2033 aims to enhance the economic impact of the real estate sector by increasing transaction volumes and attracting international investors. In the first nine months of 2024, the market recorded over 163,000 transactions worth more than Dh544 billion with real estate investments surpassing Dh376 billion, supported by robust infrastructure and regulations.

Property speculation remains stable with fluctuations kept under 20%. Marwan Ahmed bin Ghalita, Director-General of Dubai Land Department, noted that the strategy will drive sustainability and reinforce Dubai’s leadership in real estate.

Key goals include doubling the sector’s contribution to Dubai’s GDP to Dh73 billion increasing home ownership to 33%, growing transactions by 70% and expanding real estate portfolios to Dh20 billion. The strategy focuses on transparency, innovation and creating sustainable communities. It aligns with broader economic agendas and emphasizes technology use including AI and data centralization to enhance the investor experience.

Key initiatives include various ten-year programs to promote transparency, affordable housing and Emirati involvement in the sector including the Dubai Real Estate Brokers Programme to empower local talent.

The Real Estate Evolution Space (REES) initiative aims to position Dubai as a leader in real estate technology fostering innovation and collaboration. By integrating advanced technology and regulatory support, Dubai seeks to enhance operational efficiency and customer satisfaction, ensuring a competitive and sustainable real estate market.