The Dubai Real Estate Sector Strategy 2033 outlines a focused roadmap to elevate the sector’s economic impact on the emirate by significantly increasing transaction volumes and reinforcing its appeal as a premier destination for international investors. In 2024, the sector has achieved over 163,000 transactions worth AED544 billion and investments surpassing AED376 billion, showcasing its resilience and top-tier infrastructure. Speculation remains contained under 20%, reflecting market stability.
Announced by His Excellency Engineer Marwan Ahmed bin Ghalita, the strategy aligns with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum to promote sustainability and leadership in real estate. It offers investors a high-quality lifestyle, enhancing Dubai’s market appeal.
Key objectives include doubling the contribution to Dubai’s GDP to AED73 billion, increasing home ownership to 33%, raising real estate transactions by 70%, escalating market value to AED1 trillion, and multiplying Dubai’s real estate portfolios 20 times to AED20 billion.
The plan emphasises transparency, a resilient market structure, and continuous innovation, aligning with the Dubai Economic Agenda D33 and the 2040 Urban Master Plan. It seeks to attract international investments through sustainable communities and technological advancements, including AI and data centralisation.
Programs such as the Transparency and Global Marketing Program and the Real Estate Investment Funds Program highlight the focus on Emiratisation and competitive positioning. The Dubai Real Estate Brokers Programme empowers Emiratis with advanced training, fostering leadership in real estate brokerage.
Modern technology underpins the strategy, using AI-driven analytics for smarter decision-making and enhancing the customer journey. Initiatives like the Real Estate Evolution Space (REES) aim to cement Dubai’s real estate tech leadership.
Public-private partnerships are encouraged to innovate and reshape Dubai’s urban landscape, supporting PropTech growth and enhancing global competitiveness through robust public-private collaborations.
