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Published on 11/06/2024

Dubai’s Real Estate Strategy 2033 Targets $272BN (AED 1Trillion) Market Growth

New Strategy Aims to Double Sector GDP to AED 73 billion and Increasing Home Ownership to 33%, Strengthening Dubai’s Global Real Estate Leadership

Dubai's Real Estate Sector Strategy 2033 sets a bold target to grow the market to $272BN (AED 1 trillion) enhancing the sector’s economic impact by increasing transaction volumes and solidifying its status as a top investment destination.

The strategy aims to double the sector's GDP contribution to AED 73 billion attracting more homebuyers and boosting transaction activity, increasing home ownership to 33%, growing real estate transactions by 70%. In 2023, the real estate market recorded over 163,000 transactions valued at AED 544 billion.

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The growth in real estate investments surpassing AED 376 billion is driven by Dubai's advanced infrastructure and strong regulatory framework. The strategy focuses on fostering sustainability and positioning Dubai as a regional and global leader in real estate, offering a high-quality lifestyle and attracting long-term investments.

Aligned with the Dubai Economic Agenda D33, Dubai Social Agenda 33 and the Dubai 2040 Urban Master Plan, the strategy strengthens Dubai’s role as a global real estate powerhouse.