The Dubai Real Estate Strategy 2033 and a tax-free environment are two significant initiatives to support the real estate market.
- Dubai’s Real Estate Strategy 2033
This government initiative will boost the economy by AED 73 billion. It targets improving homeownership rates to 33% by 2033 and making the real estate market more transparent, accessible, and investor-friendly to expats. It also includes efforts to harness new technology and attract further long-term investments.
- Tax-Friendly Environment
Potential investors see better ROI as no income or capital gains tax is associated with the real estate market.