Sheikh Hamdan has highlighted the significant growth of Dubai’s real estate market with transactions surpassing AED 625 billion ($170.2 billion) in 2024, driven by over 188,000 deals. During a review of the Dubai Land Department's (DLD) operations, he emphasized the sector’s role in Dubai's economic expansion and global appeal to investors. The growth is underpinned by a stable investment environment, supportive laws and the city's ongoing development.
Source: Planet of Hotels
Sheikh Hamdan also discussed the progress of the Dubai Real Estate Sector Strategy 2033 which aims to position Dubai as a top global real estate hub with a goal of reaching AED 1 trillion ($272 billion) in transactions by 2033. This strategy focuses on innovation, technology and enhancing investor and customer experiences.
As of November 2024, property sales exceeded AED 437 billion ($119 billion), marking a 33% increase from the previous year. The meeting attended by key officials, also reviewed efforts to support the Dubai Economic Agenda D33 which aims to make Dubai one of the top three global urban economies.