Latest news with #DubaiRealEstateStrategy2033
Hi Dubai
a day ago
- Business
- Hi Dubai
Dubai Real Estate Transactions Hit AED 431 billion in First Half of 2025, Up 25% from 2024
Dubai's real estate sector witnessed a remarkable surge in H1 2025, recording over 125,538 transactions valued at AED 431 billion, up from AED 345 billion during the same period last year—a 25% year-on-year increase. According to the Dubai Land Department (DLD), this performance underscores growing investor confidence and reflects Dubai's continued status as a global property investment destination. Key Highlights: Investment Growth: Dubai attracted 94,717 investors—up 26%—who carried out 118,132 investments worth AED 326 billion, a 39% increase from last year. Of these, 59,075 were new investors, contributing AED 157 billion, with UAE residents making up 45% of new entrants—pointing to successful efforts in turning tenants into homeowners. Dubai attracted 94,717 investors—up 26%—who carried out 118,132 investments worth AED 326 billion, a 39% increase from last year. Women Investors: 30,487 women made 34,792 transactions, investing AED 73.2 billion, showing their growing impact on the sector. 30,487 women made 34,792 transactions, investing AED 73.2 billion, showing their growing impact on the sector. Investor Demographics: Foreign investors: AED 228.35 billion Arab investors: AED 28.4 billion GCC investors: AED 22.56 billion Top Performing Areas (by transaction volume): Al Barsha South Fourth (10,469) Al Yalayis 1 (7,595) Wadi Al Safa 5 (7,178) Business Bay and Dubai Marina also ranked among the most active zones. Top Areas (by transaction value): Dubai Marina: AED 25.1 billion Business Bay: AED 22.5 billion Burj Khalifa: AED 17.1 billion Palm Jumeirah: AED 16.96 billion Mohammed Bin Rashid Gardens: AED 14.5 billion This outstanding performance aligns with the Dubai Economic Agenda D33 and the Dubai Real Estate Strategy 2033, which aim to position the emirate among the top three global economic cities and drive sustainable real estate growth. The Dubai Land Department continues to invest in digitalisation, transparency, and investor confidence, creating a strong foundation for continued expansion and stability in the property sector. News Source: Emirates News Agency
Hi Dubai
07-07-2025
- Business
- Hi Dubai
Dubai Land Department Partners with Crypto.com to Advance Digital Real Estate Investment
Dubai Land Department (DLD) has signed a cooperation agreement with to develop a digital investment environment for virtual real estate assets, marking a significant step toward integrating blockchain and digital currencies into Dubai's property sector. The partnership supports the Dubai Government's broader digital transformation agenda and aligns with the Dubai Real Estate Strategy 2033, which targets AED1 trillion in real estate transactions by the end of the decade. It also builds on recent plans to allow government fee payments using digital currencies. Under the memorandum, both parties will explore blockchain-driven solutions for digital real estate transactions, including property tokenisation, digital custody, and investor verification. The aim is to enhance liquidity and create a seamless, secure framework for smart real estate investment. The agreement was signed by His Excellency Omar Hamad BuShehab, Director General of DLD, and Mohamed Abdul Latif Al Hakim, authorised signatory for in the presence of senior officials from both organisations. will provide technical support, propose digital currency solutions, and deliver analytical tools to aid decision-making. DLD, in turn, will offer regulatory support and oversee compliance with local laws. This initiative is part of Dubai's continued push to position itself as a global hub for tech-led investment and innovation, reinforcing its ambition to become the world's leading destination to live, work, and invest. News Source: Emirates News Agency
Al Etihad
06-07-2025
- Business
- Al Etihad
Dubai signs agreement with Crypto.com to develop digital investment environment for virtual real estate assets
6 July 2025 18:00 DUBAI (WAM)In line with the Dubai Government's vision to accelerate digital transformation and strengthen the emirate's position as a global hub for technological innovation and smart real estate investment, the Dubai Land Department (DLD) signed a memorandum of cooperation (MoC) with to develop a digital investment environment for virtual real estate assets, and to explore the use of blockchain technologies and digital currencies within the signing of the MoC follows the announcement of Dubai Government's plans to enable the payment of government fees using digital currencies — a major step forward in integrating technology with public services, and in reinforcing the emirate's leadership in government initiative also aligns with the Dubai Real Estate Strategy 2033, which aims to build a smart, sustainable, and knowledge-driven real estate ecosystem. By embracing advanced technologies, Dubai is strengthening its attractiveness for high-quality investments and accelerating its progress towards its Dh1 trillion real estate transactions target for agreement was signed by Omar Hamad BuShehab, Director General of the Dubai Land Department, and Mohamed Abdul Latif Al Hakim, the authorised signatory for in the presence of several officials and CEOs from both collaboration aims to develop mechanisms that support digital real estate transactions by leveraging blockchain technologies and virtual assets, while also exploring the potential use of digital currencies in property initiative seeks to enhance market liquidity and align with modern trends in smart investment. The partnership also aspires to build an integrated digital ecosystem that enables real estate asset trading, investor verification, and the execution of digital custody and settlement processes within a secure and advanced collaboration also aims to contribute to strengthening Dubai's real estate market, as a leading global destination for digital real estate investment, through the development of innovative investment tools that meet the aspirations of international investors and keep pace with the evolving real estate landscape in the collaboration reflects the department's commitment to aligning with the leadership's strategic vision to make Dubai the best city in the world to live, work, and invest in. It also supports the objectives of the Dubai Economic Agenda D33, which focuses on providing an ideal investment environment that strengthens Dubai's economy through innovative approaches that drive sustainable this collaboration, Dubai Land Department will explore the potential use of platforms and technological solutions proposed by in areas such as real estate tokenisation and the trading of digital department will also provide the necessary administrative and logistical support to facilitate the implementation of joint projects, and to evaluate proposals based on its approved regulatory frameworks. In addition, DLD is committed to ensuring the availability of all relevant legal and legislative requirements to guarantee compliance with Dubai's its part, will propose suitable technological solutions to facilitate the use of digital currencies in the real estate sector, provide necessary technical support and advisory services, and deliver analytical tools and reports that support informed decision-making for digital projects. Upon agreement to proceed with any proposed projects, the company will supply all required technical and legal documentation, and obtain the necessary approvals from relevant authorities in alignment with the applicable regulations in the emirate. The signing of this MoC marks a new strategic milestone in the Dubai Land Department's efforts to foster innovation in the real estate sector, and to create an integrated environment that supports the development of an advanced digital marketplace, opening new investment horizons and reinforcing Dubai's position at the forefront of global cities adopting the latest in digital real estate solutions.
Filipino Times
03-07-2025
- Business
- Filipino Times
Dubai launches new scheme to help expats and Emiratis buy their first home
Dubai has introduced the First-Time Home Buyer Programme to make it easier and more affordable for residents, both expatriates and Emiratis, to purchase their first homes. The program offers priority access to new property launches, special pricing on units up to AED 5 million, and mortgage solutions tailored to buyers' needs, Dubai Media Office reported. Launched on Wednesday by the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET), the initiative was unveiled in the presence of representatives from major banks and real estate developers. It supports Dubai's goal to increase homeownership and double the real estate sector's contribution to the economy by 2033. Designed for all nationalities and income levels, the program is open to applicants aged 18 and above who live in the UAE and do not currently own freehold residential property in Dubai. 'By lowering entry barriers to homeownership for Emiratis and expatriates alike, we are enhancing investor confidence, increasing market absorption rates, and reinforcing Dubai's global positioning as a city where personal aspirations and business ambitions converge,'His Excellency Helal Saeed Almarri, Director General of DET, said. His Excellency Omar Bu Shehab, Director General of DLD, noted that the programme aligns with the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33, aiming to make homeownership more accessible while encouraging long-term investment among residents. Participating banks include Commercial Bank of Dubai, Dubai Islamic Bank, Emirates NBD, Emirates Islamic, and Mashreq Bank, all offering mortgage products tailored for eligible first-time buyers. Meanwhile, leading real estate developers such as Azizi Developments, Beyond Developments, Binghatti Holding, DAMAC Properties, Danube Properties, Dubai Properties, Ellington Properties, Emaar Properties, Majid Al Futtaim Group, Meraas, Nakheel, Palma Holding, and Wasl have committed their support to the programme.
Hi Dubai
03-07-2025
- Business
- Hi Dubai
Dubai Launches First-Time Home Buyer Programme to Boost Property Ownership and Economic Growth
Dubai has unveiled a major new initiative to support first-time property buyers, offering Emiratis and expatriates easier access to homeownership through preferential pricing and customised mortgage solutions. Launched jointly by the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET), the First-Time Home Buyer Programme is designed to stimulate real estate demand and contribute to the emirate's long-term economic agenda. The initiative supports the Dubai Real Estate Strategy 2033 and the D33 Economic Agenda, which aim to double the real estate sector's contribution to GDP. The programme provides early access to new property launches, discounted unit prices, and mortgage products tailored by participating banks including Emirates NBD, Mashreq, and Dubai Islamic Bank. Properties priced up to AED5 million from developers such as Emaar, DAMAC, Nakheel, and Azizi will be available under the scheme. Available to all UAE residents aged 18 and above who do not currently own a freehold residential property in Dubai, the programme is part of a wider push to promote social inclusion, economic resilience, and community development. Senior officials including Majid Al Marri of DLD and Hadi Badri of DET announced the initiative at a press event, highlighting its potential to drive sustainable urban development and strengthen Dubai's position as a global real estate hub. Helal Saeed Almarri, Director-General of DET, noted that the programme would increase market liquidity and investor confidence. Omar Bu Shehab, Director-General of DLD, called it a strategic step towards a more inclusive and transparent property market. News Source: Emirates News Agency
