The Dubai Real Estate Corporation’s chairman, Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, who is also the city’s first deputy ruler, deputy prime minister, and minister of finance, met with the board of directors on Sunday to approve the corporation’s 2025 budget.
During the meeting, the board examined the company’s and its subsidiary Wasl Group’s January–October 2024 financial accounts. The financial statements revealed a 28% rise in revenues over the same period in 2023.
According to Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, the real estate industry’s robust performance, which continues to be a vital pillar of Dubai’s economy, shows how quickly the emirate is moving toward realizing His Highness’ vision.
He continued by saying that the expansion of the sector significantly advances the objective of the Dubai Economic Agenda D33, which is to make the city one of the top three urban economies in the world.
Sheikh Maktoum emphasized Dubai’s capacity to adjust to global issues and attract top-tier talent and investments, bolstering its development as a major international business hub.
He emphasized how the real estate sector boosts other industries like infrastructure, tourism, and hospitality in addition to GDP. Dubai’s ambition to become a city of the future and a model for urban development, providing the greatest environment in the world for living, working, and investing, is supported by the real estate sector’s steady growing pace.
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