As part of the economic program «D33», real estate continues to make a major contribution to the development of the emirate

According to experts, Dubai real estate will play a significant role in achieving the goals of Dubai's economic program «D33» and attract billionaires and wealthy people to invest in one of the expanding sectors of the emirate's economy.

Currently, 350 projects are under construction in the emirate, and it is expected that the real estate sector, in which 122,658 transactions worth 528 billion dirhams were concluded in 2022, will accelerate development.

«Real estate projects in Dubai have been developed taking into account the growing demand and diverse preferences in the global market. Through close cooperation between public and private stakeholders, the sector intends to achieve greater growth in the future», the Dubai Media Office said in a statement on Wednesday, January 18, 2023.

In 2022, almost 55 real estate projects totaling 11.9 billion dirhams were completed, which indicates an increase of 57% in quantitative terms and 8% in value.

Sheikh Hamdan stated that due to Dubai's growing reputation as one of the best megacities to live and work in, as well as its exceptional infrastructure and supportive legislation, international investors, institutions and businesses still have high confidence in the city's economy.