Dubai’s Real Estate Sector Strategy 2033 has been launched with an ambitious vision to grow the emirate’s property market to AED1 trillion ($272 billion). This strategic roadmap aims to solidify Dubai as a premier global destination for real estate investment, while doubling the sector’s GDP contribution to AED73 billion ($19.9 billion). Key objectives include boosting transaction volumes by 70%, raising homeownership to 33%, and enhancing Emiratisation within the sector.

Market Growth and Stability

Dubai’s real estate market has demonstrated impressive resilience and growth, recording over 163,000 transactions totaling AED544 billion ($151 billion) in the first nine months of 2024. Investments reached AED376 billion ($102 billion), showcasing Dubai’s appeal as a stable, high-value market driven by solid regulatory frameworks. The city has also kept property speculation in check, maintaining a speculation rate below 20%, which supports long-term investment and stability.

AI-Driven Transformation

AI and digital technology lie at the heart of Dubai’s strategy, promising improved transparency, operational efficiency, and enhanced customer experiences. The Real Estate Evolution Space (REES) initiative will further boost Dubai’s role as a leader in real estate tech, integrating advanced AI to streamline processes, improve decision-making, and simplify property management for investors and residents alike. Real-time data analysis, centralized information, and digital platforms will enable a seamless property experience from search to management.

Programs Supporting the Strategy

The strategy includes multiple ten-year programs designed to drive growth and innovation:

• Transparency and Global Marketing Program: Enhances global visibility of Dubai’s high-value assets.
• Data and Governance Program: Strengthens data centralization for smarter decision-making.
• Flexible Urban Planning Program: Promotes adaptable, sustainable development.
• Real Estate Investment Funds Program: Creates diverse investment options.
• Affordable Housing and Sustainability Program: Focuses on accessible, eco-friendly housing.
• Emirati Competitiveness Program: Empowers local talent within the sector.

Positioning Dubai as a Global Leader

Aligned with the Dubai 2040 Urban Master Plan, the Dubai Economic Agenda D33, and Dubai Social Agenda 33, the Real Estate Sector Strategy 2033 prioritizes sustainable, high-quality development that strengthens Dubai’s status as a global leader in real estate innovation and investment. This strategy aims to attract significant international investments, cementing Dubai’s position as a forward-thinking, dynamic property market with a commitment to long-term growth and sustainability.