The Dubai Real Estate Sector Strategy 2033 outlines a focused roadmap to elevate the sector’s economic impact on the emirate by significantly increasing transaction volumes and reinforcing its appeal as a premier destination for international investors. Announcing the launch of the strategy, Marwan Ahmed bin Ghalita, Director-General of Dubai Land Department, emphasised that it aligns with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. He further added that the strategy aims to inspire a transformative shift in Dubai’s real estate sector by fostering sustainability and solidifying Dubai’s role as a regional and global leader in real estate. 

The Dubai Real Estate Sector Strategy 2033 aims to fulfil its ambitious objectives through a set of key performance indicators, which include doubling the real estate sector’s contribution to Dubai’s GDP to approximately AED73 billion, increasing home ownership rates to 33%, growing real estate transactions by 70%, raising the market value to AED1 trillion, and expanding the value of Dubai’s real estate portfolios 20 times to AED20 billion.

The strategy is underpinned by enhanced transparency through data insights, a resilient market structure, and a sectoral ecosystem focused on continuous innovation. Aligned with the Dubai Economic Agenda D33, Dubai Social Agenda 33, and the Dubai 2040 Urban Master Plan, it strengthens Dubai’s position as a global innovation and sustainable growth leader.

The strategic roadmap emphasises the creation of sustainable communities built to the highest quality standards. Increasing transparency and showcasing high-value real estate assets to attract significant international investment, particularly from emerging markets, remains a focal point. Reinforcing the support infrastructure for the sector is also a key priority, alongside leveraging technology. This includes deploying Artificial Intelligence, enhancing data centralisation, and offering a seamless, integrated experience for both investors and end-users.

The strategy is bolstered by a series of ten-year programmes, including the Transparency and Global Marketing Program, Data and Governance Program, Flexible Urban Planning Program, Real Estate Investment Funds Program, Affordable Housing and Real Estate Sustainability Program, and the Program to Enhance Emirati Competitiveness in the Real Estate Sector.

A standout initiative within this framework is the Dubai Real Estate Brokers Programme, specifically designed to empower Emiratis in real estate brokerage.