According to the D33 program, real estate is the foundation of the emirate’s economy

The D33 economic program implies that real estate will continue to be at the forefront of the development of the emirate.

Experts suggest that villas, apartments, studios and other types of apartments will play a significant role in the process of achieving the main goals of Dubai’s economic program “D33”. The real estate bet will attract wealthy individuals, billionaires, businessmen and influencers who want to invest in one of the emirate’s fastest growing sectors of the economy.

As of today, 350 new residential buildings are under construction in the emirate and the real estate sector, which saw 122,658 transactions worth AED 528 billion in 2022, is forecast to accelerate development.

The Dubai Media Office issued a statement in mid-January stating that all Dubai real estate developments have been designed to meet the rapidly growing demand and individual preferences in the global market. Thanks to the close mutual cooperation of public and private stakeholders, the sector will be able to achieve greater growth in the future.

Last year, about 55 real estate projects were completed, with a total amount of 11.9 billion dirhams, which indicates an increase of 57% in quantitative terms and 8% in value.

Hamdan Bin Mohammed Al Maktoum, a member of the ruling dynasty of the emirate of Dubai, says that due to Dubai’s growing reputation as one of the best major cities to live and work, its unique infrastructure and loyal laws, investors from different countries, institutions and companies still have a high level of trust to the urban economy.