DUBAI REAL ESTATE – MAJOR CONTRIBUTOR TO D33 AGENDA

1. To increase foreign trade from AED 14.2 trillion in the past decade to AED 25.6 trillion for goods and services in the next decade
2. To increase foreign direct investment from an average of AED 32 billion annually in the past decade to an average of AED 60 billion annually in the next decade to reach a total of AED 650 billion by 2033
3. To increase government expenditures from AED 512 billion in the past decade to AED 700 billion in the next decade
4. To increase private sector investments from AED 790 billion in the past decade to AED 1 trillion in the next decade
5. To increase the value of domestic demand for goods and services from AED 2.2 trillion in the past decade to AED 3 trillion in the next decade
6. To generate an annual contribution of AED 100 billion from digital transformation projects to Dubai’s economy.

Dubai real estate will be a major contributor to the goals of the Dubai Economic Agenda D33 and attract high net worth individuals and millionaires for investment in one of the growing economic sectors of the emirate, experts say.

A total of 350 real estate projects are currently being developed in the emirate and is expected to attract high net worth individuals and millionaires for investment in one of the growing economic sectors of the emirate.

About 55 real estate projects worth AED 11.9 billion were completed last year, indicating a growth of 57% in number and 8% in terms of value. The property sector, which recorded 122,658 transactions worth AED 528 billion in 2022, is expected to accelerate progress on the 350 projects currently being developed in the emirate.

With the figures that have been recorded for the past year, it goes to show that the Dubai’s real estate industry is one of the biggest contributor in the emirate’s economic growth. The D33 agenda is one of its proofs.