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Dubai introduces ‘Strategic Plan 2026’ to expand real estate investments

The strategy also intends to boost the real estate industry's GDP contribution to the emirate

Dubai introduces ‘Strategic Plan 2026’ to expand real estate investments
[Source photo: Anvita Gupta/Fast Company Middle East]

A strategic plan to position Dubai as a global leader in the real estate industry has been unveiled by the Dubai Land Department of the United Arab Emirates.

According to WAM, the strategic plan’s primary goal is to deliver seamless real estate services in Dubai, with the implementation of appropriate legislation and the provision of essential human capital for the sector’s growth and evolution.

Built around five primary pillars that are deemed crucial for the expansion of Dubai’s real estate market, the strategy, which will be put into effect until 2026, also intends to boost the real estate industry’s GDP contribution to the emirate, which will, in turn, play a significant role in assisting Dubai in becoming one of the most developed economies in the world.

The first pillar is establishing a real estate model that improves the industry’s sustainability and readiness while fostering efficient sector governance. Under the second pillar, Dubai wants to become a global hub for real estate innovation by promoting an appealing environment and utilizing technology to make this possible.

The third pillar of the strategy is focused on a data-driven approach, while the fourth pillar will support a thriving digital ecosystem in the real estate sector. Meanwhile, the fifth pillar focuses on establishing an employee-first culture and using a human-centered strategy.

The plan is in line with the passage of Resolution No. 81, in which the Dubai Land Department’s organizational structure was approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council.

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