Dubai’s real estate market is poised for sustained growth through 2033, with projections indicating an annual increase of 3-7%. This optimistic outlook is bolstered by the Dubai Real Estate Sector Strategy 2033, which aims to double the sector’s contribution to the emirate’s GDP and enhance homeownership rates. The strategy focuses on expanding housing supply, improving regulatory frameworks, and fostering innovation within the industry, thereby reinforcing Dubai’s position as a global real estate hub.
The market’s resilience is further evidenced by a 55% surge in residential transactions in the last quarter of 2024, driven by leading developers like Sobha Realty and Azizi Developments. This growth is complemented by the emergence of real estate tokenization, a transformative approach that leverages blockchain technology to enable fractional property ownership. Experts anticipate that tokenized real estate in Dubai could reach a value of Dh60 billion by 2033, contributing approximately 7% to the city’s total real estate activity. Such innovations are making property investment more accessible, attracting a broader spectrum of investors and fueling the market’s upward trajectory.
