Hamdan bin Mohammed reviews operations of Dubai Land Department and developments in the real estate sector

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, contiguous reviewed the operations of the Dubai Land Department (DLD).

His Highness besides reviewed the advancement made towards achieving the objectives of the Dubai Real Estate Sector Strategy 2033, aimed astatine realising the imaginativeness of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to fortify Dubai’s presumption arsenic a planetary economical hub and a starring destination for existent property investment.
His Highness Sheikh Hamdan bin Mohammed highlighted that the beardown maturation of the existent property assemblage reflects Dubai’s accelerated improvement and its expanding entreaty to businesses, investments, and endowment from astir the world.

Sheikh Hamdan besides emphasised that the emirate’s robust economical and developmental momentum requires an enlargement successful existent property projects, offering enhanced opportunities for section and planetary investors. Dubai’s unafraid and unchangeable concern environment, supported by laws and regulations that safeguard capitalist rights and capital, is simply a cardinal operator of the sector’s singular growth, helium said.
During the gathering held astatine The Executive Office, His Highness was briefed by His Excellency Marwan Ahmed bin Ghalita, Director General of the Dubai Land Department, connected the cardinal projects and initiatives implemented by DLD to enactment the objectives of the Dubai Economic Agenda D33. The Agenda aims to presumption Dubai among the world’s apical 3 municipality economies by integrating enactment systems wrong the existent property sector, leveraging precocious technology, enhancing information centralisation, and providing a seamless, exceptional acquisition for some investors and customers.

The gathering was attended by His Excellency Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, and Director General of the Dubai Crown Prince's Office.

During the meeting, His Highness Sheikh Hamdan bin Mohammed highlighted the captious relation of the existent property assemblage successful Dubai arsenic a cardinal pillar of the emirate's economy. He besides emphasised its contributions to supporting broad improvement crossed assorted fields.

The Director General of the Dubai Land Department outlined the cardinal aboriginal objectives of the Dubai Real Estate Sector Strategy 2033, launched by the Department to fortify Dubai's presumption arsenic a planetary person successful existent property concern done innovation and technology.

His Excellency Marwan Ahmed bin Ghalita besides highlighted initiatives to beforehand the existent property assemblage by fostering innovation done collaboration with stakeholders, strengthening public-private partnerships, supporting competitive, sustainable solutions and enhancing lawsuit restitution done the adoption of precocious artificial intelligence.

As of November 2024, the full fig of existent property transactions successful Dubai reached 188,000, with a combined worth of AED625 billion, representing a 38% summation successful transaction measurement and a 23% emergence successful worth compared to 2023. Notably, spot income surpassed AED437 cardinal for the archetypal time, marking a 33% maturation compared to the aforesaid play past year.

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