Latest news with #AED761bn
Arabian Business
15-04-2025
- Business
- Arabian Business
IPS 2025: Dubai real estate sector recorded over $207bn of transactions last year, but investments can start at $136
With the Dubai real estate sector recording transactions worth AED761bn ($207.2bn) in 2024 the market is undergoing an ongoing boom. The first day of IPS 2025 kicked off with high-level panel discussions and presentations highlighting the latest trends in the global real estate sector, from integrating sustainability and modern technologies to emphasising on innovative solutions such as fractional investment platforms. The event featured a selection of real estate leaders and experts from around the world, who discussed the challenges and opportunities in shaping the future of urban infrastructure and ways to develop more flexible and inclusive investment models in a rapidly changing global environment. Dubai real estate trends The event began with a session titled 'A Roadmap for the Future of the Real Estate Sector and Urban Transformation in Dubai.' Majid Al Marri, CEO of the Real Estate Registration Sector at Dubai Land Department (DLD) and Chairman of the IPS Organising Committee, participated in the session. Al Marri emphasised that Dubai's real estate market is making steady progress toward achieving the goals of the Real Estate Sector Strategy 2033, launched in October 2024, with strong indicators confirming its growth and stability. He highlighted the exceptional performance of Dubai's real estate sector in 2024, recording transactions worth AED761bn ($207.2bn) in 2024, a 36 per cent increase compared to 2023. He also reviewed the most prominent initiatives launched by DLD to achieve the goals of the 2033 strategy, which will include 30 initiatives, including the Smart Rental Index, the REES initiative, and real estate coding. Dawood Al Shezawi, President of IPS, said: 'IPS is a strategic platform that directly aligns with the objectives of the Dubai Real Estate Strategy 2033, through its effective contribution to creating an integrated investment environment that enhances transparency, supports innovation, and achieves a balance between supply and demand. 'We annually work to attract the most prominent local and international developers, government agencies, and investors from around the world. This year, the exhibition brings together more than 300 elite local and international real estate developers. 'IPS contributes to achieving the pillars of the 2033 Strategy by enabling direct communication between all parties in the real estate ecosystem and providing spaces for discussion and knowledge exchange through conferences and dialogue sessions that keep pace with the latest global trends, including the main conference, the Institutional Investors Conference, and the IPS Women Conference. 'We are proud to have IPS as an effective partner in implementing this ambitious vision, and we will continue to work to ensure that the exhibition serves as a practical tool for driving real estate development and achieving sustainable growth in line with Dubai's ambitions for 2033 and beyond.' The first day featured several presentations, including the Deed platform, which offers an innovative solution aimed at creating new revenue streams and streamlining investment opportunities. In light of the increasing challenges facing real estate brokers, such as high lead generation costs, low conversion rates, and intense market competition, the platform focuses on enabling brokers to deliver added value to their clients through a flexible and efficient investment model. Deed is a fractional real estate investment platform licensed by the Dubai International Financial Centre (DIFC). It allows investors to own shares in luxury properties in Dubai, starting from as little as AED500 ($136). The platform removes traditional barriers that typically prevent individuals from entering the real estate market, such as high purchase costs, complex mortgage financing, and the hassle of managing real estate assets.
Arabian Business
26-01-2025
- Business
- Arabian Business
Dubai real estate sector saw incredible $207.2bn of transactions last year
Dubai's real estate sector recorded a total of 2.78m procedures in 2024, the highest in its history. The record number of procedures, which include both real estate transactions and rental agreements, represent a 17 per cent increase compared to 2023. Real estate transactions alone totalled 226,000, with a combined value of AED761bn ($207.2bn) , a remarkable 36 per cent growth in volume and 20 per cent growth in value year-on-year. Dubai real estate record Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence and Chairman of The Executive Council of Dubai, attributed the emirate's record real estate performance to its dynamic economy, robust infrastructure, progressive policies, and world-class investment ecosystem. Sheikh Hamdan said: 'The exceptional results in 2024 reflect the deep strength and resilience of our economy, which continues to thrive in a rapidly changing global landscape. 'The leadership's visionary goals outlined in the Dubai Economic Agenda D33 have helped raise the emirate's position as an international hub for investment, trade, and innovation, and enhanced its global appeal as a lifestyle and investment destination, all of which have catalysed the real estate market.' 'Bolstered by the Dubai Real Estate Strategy 2033, the sector continues to raise benchmarks of transparency, return on investment and investor confidence while addressing diverse market needs. Dubai's real estate market remains among the world's best, with a strong focus not only on innovation and excellence but also stability and sustainability. 'We continue to introduce new initiatives in the sector to advance our vision of making Dubai the world's best place to live and work. The steady growth of the real estate market also continues to boost its contribution to the D33 Agenda's objectives of making Dubai one of the world's top three urban economies and doubling its GDP by 2033'. Solidifying its position as a global hub for investment, Dubai's real estate market achieved exceptional milestones in 2024. The sector recorded 217,000 investments valued at AED526bn ($143.2bn), reflecting impressive growth rates of 38 and 27 per cent in number and value respectively. Furthermore, the city attracted 110,000 new investors to its real estate sector, achieving a remarkable 55 per cent increase. These unprecedented achievements highlight the emirate's leading role in creating a world-class investment ecosystem that attracts investors from around the globe and supports the sustainable growth of the real estate sector. Dubai's real estate sector continues to achieve impressive growth, setting new records in 2024. Over 2.78 million procedures were completed, with real estate transactions alone valued at AED761 billion. The sector also attracted investments of over AED526 billion and welcomed… — Hamdan bin Mohammed (@HamdanMohammed) January 26, 2025 Marwan Ahmed bin Ghalita, Director-General of Dubai Land Department, said, 'These indicators serve as tangible evidence of the resilience of Dubai's real estate market, its ability to adapt to global changes, and its success in attracting high-quality investments. 'The results achieved in 2024 reflect the emirate's ambitious vision and ongoing efforts to enhance its investment attractiveness under the guidance of our wise leadership, in line with the Dubai Economic Agenda D33, which aims to position the emirate among the top three urban economies. 'The Dubai Real Estate Strategy 2033 has been a key driver of this growth by focusing on doubling the sector's contribution to the GDP and fostering an integrated ecosystem rooted in innovation and technology. 'This approach enhances transparency and balances supply and demand. The strategy aims to attract investments from emerging markets, solidifying Dubai's position as a global hub for real estate investment. 'Attracting 110,000 new investors to the real estate sector last year is a clear indicator of our efforts to enhance global investor confidence. 'This achievement underscores Dubai's commitment to developing an advanced real estate environment managed using state-of-the-art artificial intelligence and proptech solutions. 'These technologies play a crucial role in boosting operational efficiency and ensuring the satisfaction of both investors and stakeholders alike. 'The Dubai Land Department will continue working hand in hand with its partners in both the public and private sectors to achieve further milestones that support Dubai's future vision and contribute to realising its strategic objectives. 'We are confident that the emirate is steadily advancing towards solidifying its position as a leading investment destination, thanks to its advanced infrastructure, pioneering initiatives, and a long-standing legacy of innovation and excellence.' The emirate continues to achieve transformative milestones, reaffirming its commitment to shaping the future and realising its ambitious goal of becoming the world's leading destination for real estate investment and sustainable development. Through seamless collaboration between the public and private sectors, the city is setting new standards of economic excellence, advancing its strategic vision and solidifying its leadership across various industries.
