Dubai has unveiled its Real Estate Strategy 2033, targeting an extraordinary AED1 trillion in real estate transactions by 2033. This bold initiative aligns with the broader Dubai Economic Agenda D33, which aims to drive economic diversification, boost Emirati competitiveness, and position Dubai as a premier global investment hub. The plan underscores the emirate’s ongoing efforts to enhance its real estate sector while contributing significantly to the overall economy.
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, outlined the ambitious roadmap. “We approved the Real Estate Strategy 2033 to help achieve the Dubai Economic Agenda D33, raising real estate transactions to AED1 trillion by 2033 and doubling the sector’s contribution to economic diversification,” he said. This strategy not only envisions a massive increase in transaction volumes but also aims to enhance the value of Dubai’s real estate portfolio 20 times over, reaching AED20 billion. Furthermore, real estate transactions are expected to surge by 70%, contributing AED73 billion to Dubai’s GDP.
At the heart of the plan is a focus on making homeownership more accessible. By 2033, the initiative aims to raise homeownership rates to 33%, providing more stability for families and contributing to the development of cohesive communities.
In addition to boosting the local market, this strategy will foster increased competitiveness among Emiratis, encouraging more people to invest in property and homeownership.
Dubai’s Real Estate Strategy 2033 also integrates advanced technologies such as artificial intelligence (AI) and big data analytics. These tools will be crucial in enhancing transparency, improving market forecasting, and simplifying property transactions, ensuring that Dubai’s property market remains dynamic and investor-friendly. Programs within the strategy will roll out over the next decade, aiming to elevate the quality of developments, promote sustainability, and centralize data for better access and decision-making.
By modernizing its real estate sector and adapting to evolving market demands, Dubai is setting the stage to become a global leader in real estate investment. The strategy is also expected to boost Dubai’s standing on the international stage, attracting investors from all over the world, and securing the emirate’s position as a highly diverse economic hub.
