Dubai is trying to attract Indian property investors, who are among the top buyers locally, as the emirate is targeting Dh1 trillion in total transactions by 2033, a senior official of Dubai Land Department (DLD) said on Monday.

“As part of Dubai Real Estate Sector Strategy 2033, we have implemented some programs to attract many investors. I recently visited India also,” said Majid Saqer Almarri, CEO of the Real Estate Registration Sector at DLD.

“Why India? Because Indians are at the top of investors internationally, so we are trying to attract investors from India. We are also looking forward to successful participation and attracting real estate funds from India,” Majid explained.

Dubai’s real estate sector has been attracting billions of dirhams in foreign investment mainly from India, Britain, Pakistan, France, the Americas and other regions around the world.

Most of the brokerage houses in Dubai report Indians as top property buyers every year, attracted by higher returns on investment, affordability, safety and security, and lifestyle aspects.

Dubai’s real estate sector recorded Dh761 billion transactions last year.

Almarri said the target is to reach Dh1 trillion as part of Dubai Real Estate Strategy 2033.

“The Dubai Real Estate Strategy 2033 (which) started in October includes 30 initiatives and we have also started some of them. The first initiative was the launch of the Smart Rental Index which will analyse data using artificial intelligence. This index takes the average of the previous agreement and new ones and classifications of buildings,” Almarri said at the IPS 2025 exhibition and conference taking place at the  Dubai World Trade Centre.

While speaking during a panel discussion at IPS Congress 2025, he pointed out that the department constantly works on innovations for ease of business, registration, and other aspects of the real estate sector.

Dawood Al-Shezawi, head of the Organising Committee of IPS, said the emirate attracted more than 110,000 new investors in 2024 and the target is higher for 2025.

“We have more than 500 international exhibitions annually in Dubai. At IPS, we have investors and exhibitors coming from multiple countries including the USA, Brazil, Turkey, Saudi Arabia and other countries. We have to attract investors and expert people in the real estate sector as we have the most transparent system in the world,” he added.

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Source: Khaleej Times

16th April 2025