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Published on 10/31/2024

Dubai Launches Real Estate Sector Strategy 2033

New Strategy Aims to Double GDP and Position Dubai as a Global Real Estate Leader

The Dubai Land Department (DLD) has launched the Real Estate Sector Strategy 2033 aiming to double the sector's GDP, contributing to AED 73 million and increasing the market value to AED 1 trillion. The strategy presented by the Government of Dubai Media Office aligns with the vision of Mohammad bin Rashid Al Maktoum, the Dubai Economic Agenda D33, the Dubai Social Agenda 33 and the Dubai 2040 Urban Master Plan, focusing on AI-driven analysis and digital transformations in real estate.

The strategy emphasizes sustainability and aims to reinforce Dubai’s position as a global leader in real estate, providing not only property-related benefits but also enhancing lifestyle and quality.

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In 2024, the real estate market saw 163,000 transactions amounting to AED 544 billion with investments reaching AED 376 billion. The plan aims to increase home ownership by 33%, boost transactions by 70% and expand Dubai's overall property portfolio to AED 20 billion.

Ten-year initiatives will focus on transparency, data governance, urban planning, investment funds, affordable housing and enhancing Emirati competitiveness with a strong emphasis on technological integration through the Real Estate Evolution Space (REES).