By Staff Reporter
Dubai Unveils Ambitious Real Estate Sector Strategy 2033 for Sustainable Growth
Dubai has launched the Real Estate Sector Strategy 2033, a visionary roadmap to expand the economic contribution of real estate, increase transaction volumes, and elevate Dubai as a prime international investment hub.
The strategy, announced by Marwan Ahmed bin Ghalita, Director-General of Dubai Land Department, aligns with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, aiming to boost sectoral GDP contributions to AED73 billion, increase home ownership to 33%, and drive real estate transactions up by 70%.
The initiative is grounded in sustainability, data transparency, and innovation, supporting Dubai’s broader economic and social frameworks, including the Dubai Economic Agenda D33 and the Dubai 2040 Urban Master Plan. Key targets also include growing the market value to AED1 trillion and significantly expanding Dubai’s real estate portfolios.
The strategy, introduced during a ‘Meet the CEO’ media event at the Dubai Government Media Office, outlined various programs such as the Real Estate Investment Funds Program and the Dubai Real Estate Brokers Programme, which encourages Emirati engagement in brokerage. These initiatives aim to integrate national talent, boost Emirati competitiveness, and foster sustainable growth.
Modern technology is central to the 2033 roadmap, with AI and digital solutions enhancing customer experiences across the property lifecycle. A notable tech-forward initiative, the Real Estate Evolution Space (REES), promotes AI-driven insights and public-private collaboration to drive innovation in PropTech. This digital focus also streamlines operations and strengthens marketing, further attracting international investment and solidifying Dubai’s leadership in real estate innovation and sustainability.
News Source: Emirates News Agency
