The Dubai Land Department’s (DLD) operations were evaluated today by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Minister of Defense, and Chairman of the Executive Council of Dubai.
To fulfill the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, to solidify Dubai’s standing as a major international economic center and a top real estate investment destination, H.H. Sheikh Hamdan bin Mohammed also examined the advancements made in accomplishing the goals of the Dubai Real Estate Sector Strategy 2033.
Sheikh Hamdan bin Mohammed emphasized that Dubai’s rapid development and growing appeal to firms, investors, and talent worldwide are reflected in the real estate sector’s robust growth.
Sheikh Hamdan further emphasized that more real estate projects are needed to support the emirate’s strong economic and developmental momentum and provide more chances for both domestic and foreign investors. Dubai’s secure and stable investment environment, underpinned by rules and regulations that defend investor rights and money, is a fundamental driver of the sector’s phenomenal growth, he said.
Marwan Ahmed bin Ghalita, Director General of the Dubai Land Department, briefed H.H. on the major projects and efforts carried out by DLD to support the goals of the Dubai Economic Agenda D33 during the meeting at The Executive Office. Through the integration of support systems within the real estate industry, the use of cutting-edge technology, the improvement of data centralization, and the provision of a flawless, outstanding experience for both investors and consumers, the Agenda seeks to place Dubai among the top three urban economies in the world.
Omar bin Sultan Al Olama, Director General of the Dubai Crown Prince’s Office and Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, attended the conference.
Sheikh Hamdan bin Mohammed emphasized at the meeting how important Dubai’s real estate market is to the emirate’s economy. Additionally, he emphasized how it supports all-encompassing development in a variety of sectors.
The Dubai Real Estate Sector Strategy 2033, which the Department introduced to fortify Dubai’s position as a global leader in real estate investment through innovation and technology, was presented by the Director General of the Dubai Land Department.
Additionally, Marwan Ahmed bin Ghalita outlined efforts to promote innovation in the real estate industry by working with stakeholders, bolstering public-private partnerships, encouraging competitive, sustainable solutions, and improving customer satisfaction through the use of cutting-edge artificial intelligence.
In comparison to 2023, there were 188,000 real estate transactions in Dubai as of November 2024, totaling AED625 billion. This is a 38% increase in transaction volume and a 23% increase in value. Notably, real estate sales for the first time exceeded AED437 billion, representing a 33% increase over the same time the previous year.