H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, examined the Dubai Land Department’s (DLD) performance and its strides towards the Dubai Real Estate Sector Strategy 2033 during a meeting at The Executive Office. This strategy aims to reinforce Dubai’s position as a leading global destination for real estate investment.
H.H. Sheikh Hamdan emphasized that Dubai’s economic growth and stability continue to attract businesses, talent, and investment. He noted the real estate sector’s role as a cornerstone of the emirate’s development, supported by advanced regulations protecting investor rights.
The meeting included a presentation by Marwan Ahmed bin Ghalita, Director General of the DLD, on ongoing projects aligned with the Dubai Economic Agenda D33. The agenda seeks to elevate Dubai among the world’s top three urban economies by integrating innovative technologies, streamlining operations, and enhancing customer experiences.
Key advancements include collaborations to foster innovation, public-private partnerships, and the use of artificial intelligence to deliver sustainable, competitive solutions. These efforts aim to strengthen investor trust and satisfaction, ensuring the sector remains a global benchmark.
Dubai’s real estate market showcased significant growth in 2024, recording over 188,000 transactions with a total value of AED625 billion—marking a 38% rise in transaction volume and a 23% increase in value compared to 2023. Property sales exceeded AED437 billion, reflecting a 33% year-on-year growth.
The meeting was attended by Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, and other key officials.
Sheikh Hamdan praised the DLD’s initiatives and reiterated Dubai’s commitment to sustainable development and economic innovation, ensuring a thriving real estate environment for both local and international stakeholders.
