Construction and real estate

Market-leading property sector

Dubai is one of the most sought-after property markets in the world. Its dynamic real estate landscape boasts world-class infrastructure, backed by a visionary approach to urban planning. The immense investment potential offered by the city’s property sector is only underscored by the recent surge in property transactions and plot sales.

In 2023, the city set a new record with the highest-ever number of real estate transactions. The total value of property deals hit US$172.6 billion (AED634 billion) from 166,400 transactions, an annual growth of 20%. New investments grew by 55%, with more than 42% stemming from non-resident foreign investors.

Building real estate excellence 

The Dubai Strategic Plan 2026 aims to position Dubai as a global real estate leader. It cultivates effective governance, innovation and cutting-edge technologies to pioneer real estate solutions, establish a data-driven ecosystem, and promote investment confidence. 

With supportive regulations, a digital-first real estate sector, data collection, and professional development, the Dubai Land Department will become a world leader in attracting real estate investments.

Preparing for a growing populace

Dubai's population is projected to reach 5.8 million by the end of this decade. As a proactive response, the city has unveiled the Dubai 2040 Urban Master Plan, which promotes sustainable urban development, improving the quality of life for residents and boosting Dubai's appeal as a leisure and business destination.

Enhancing sustainability within urban spaces

Dubai plans to double its green and recreational spaces, dedicating more than half the available area to nature reserves and rural nature areas. It will also establish green corridors to seamlessly connect service areas, residential areas and workplaces, facilitating sustainable pedestrian and vehicular mobility. 

Dubai is also expected to see significant growth in hotel and tourism activities, with the UAE hospitality market predicted to reach US$9.45 trillion (AED34.7 trillion) by 2028. To prepare for this, the city aims to expand the space dedicated to hotels by 134%. Education and health facilities in the city will be expanded by 25%, along with public beaches being extended by 400%.