Maktoum bin Mohammed chairs Dubai Real Estate Corporation Board meeting and approves 2025 budget

- Corporation reports 28% summation successful revenues for the play from January to October 2024

His Highness: The beardown show of the existent property assemblage reflects the emirate’s accelerated advancement successful achieving Mohammed bin Rashid’s imaginativeness for sustainable development

- “The sector’s sustained maturation supports Dubai’s extremity to go a exemplary for municipality development, offering the world’s champion situation to live, work, and invest”

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of Dubai Real Estate Corporation, contiguous met with the corporation’s Board of Directors to o.k. its fund for 2025.
During the meeting, the committee reviewed the fiscal statements of the corp and its subsidiary, Wasl Group, for the play from January to October 2024, which showed a 28% summation successful revenues compared to the aforesaid play successful 2023.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said the beardown show of the existent property sector, which remains a cardinal pillar of Dubai’s economy, reflects the emirate’s accelerated advancement successful achieving the imaginativeness of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, for sustainable development. The sector’s maturation contributes importantly to the extremity of the Dubai Economic Agenda D33 to alteration the metropolis into 1 of the world’s apical 3 municipality economies, helium added.

His Highness highlighted Dubai’s quality to accommodate to planetary challenges and pull high-quality investments and talent, reinforcing its maturation arsenic a planetary commercialized hub. He highlighted the existent property industry’s affirmative economical impact, which extends beyond GDP to cardinal sectors specified arsenic infrastructure, tourism, and hospitality. The sustained maturation momentum of the existent property assemblage supports Dubai’s extremity to go a metropolis of the aboriginal and a exemplary for municipality development, offering the world’s champion situation to live, work, and invest.

He underscored the value of flexible and market-aligned regulatory frameworks successful creating optimal conditions for investors. His Highness further emphasised Dubai’s palmy concern with the backstage sector, which protects and supports investments successful a unafraid environment. He reaffirmed Dubai’s committedness to offering supportive measures and incentives, which are captious to consolidate its presumption arsenic a preferred planetary concern destination.

The committee gathering discussed respective topics including the Wasl Group's integer translation strategy and the latest developments and plans for its aboriginal projects. The Board of Directors highlighted the Dubai Real Estate Corporation’s roadmap to achieving excellence successful the existent estate, hospitality and leisure sectors, aligning with Dubai's ambitious imaginativeness to consolidate its presumption arsenic the world’s champion manner and concern destination.

Wasl Group, done its innovative existent property projects, aims to enactment the goals of the Dubai Economic Agenda D33 to treble its system and alteration the metropolis into 1 of the world’s apical 3 municipality economies. The Group’s divers existent property portfolio includes implicit 55,000 residential and commercialized units, much than 35 hotels, respective premier leisure facilities specified arsenic play courses, and implicit 5,500 concern onshore plots.

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