ubai Real Estate Corporation reported a 28% rise in revenues from January to October 2024 compared to the same period in 2023. The corporation’s strong performance reflects Dubai’s progress in realizing Sheikh Mohammed bin Rashid Al Maktoum’s vision for sustainable development, according to Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Chairman of Dubai Real Estate Corporation.
According to the Leaders Asia sources, during a board meeting to approve the 2025 budget, Sheikh Maktoum praised the real estate sector as a key pillar of Dubai’s economy. He emphasized its role in achieving the Dubai Economic Agenda D33, which aims to transform Dubai into one of the world’s top three urban economies. The growth of the sector also supports vital industries like tourism, hospitality, and infrastructure.
Sheikh Maktoum highlighted Dubai’s adaptability to global challenges and its ability to attract high-quality investments and talent. He noted the importance of flexible regulations, strong public-private partnerships, and supportive incentives in strengthening investor confidence and ensuring a secure environment for growth.
The meeting also reviewed Wasl Group’s digital transformation strategy and future project plans. Wasl Group, a subsidiary of the corporation, manages a diverse portfolio including over 55,000 residential and commercial units, 35 hotels, leisure facilities, and industrial land plots. These projects align with Dubai’s ambition to become the world’s best destination for living, working, and investing.
