Dubai Real Estate Strategy 2033: A Vision for Growth and Innovation

Dubai’s ambitious Real Estate Sector Strategy 2033 is set to reshape the market with a target value of AED1 trillion ($272 billion) and a 33% home ownership rate. This strategy aims to double the sector’s contribution to GDP, reaching AED73 billion ($19.9 billion), and boost real estate transactions by 70%.

Record Market Performance

The first nine months of 2024 saw over 163,000 transactions, totaling AED544 billion ($151 billion), showcasing Dubai’s robust real estate framework. Investments soared to AED376 billion ($102 billion), underpinned by strong infrastructure and clear regulations.

Tech and Innovation at the Core

A key focus of the strategy is leveraging technology, with AI-driven data insights enhancing decision-making and customer experiences. The Real Estate Evolution Space (REES) encourages PropTech advancements through public-private collaboration, reinforcing Dubai’s position as a leader in real estate innovation.

Sustainability and Transparency

Aligned with the Dubai Economic Agenda D33 and the 2040 Urban Master Plan, the strategy champions sustainable development and data transparency. These efforts aim to attract international investors and promote high-quality living standards.

Empowering Emiratis

The strategy highlights the Dubai Real Estate Brokers Programme, dedicated to training Emiratis in real estate brokerage. This initiative supports local talent, positioning Dubai as a top contender in global real estate markets.

With this forward-thinking strategy, Dubai is set to solidify its status as a global real estate hub, driving growth, sustainability, and long-term returns for investors and industry professionals.