Alabbar: Dubai’s real estate market surpasses that of the UK

Alabbar: Dubai’s real estate market surpasses that of the UK

“In 2023, Dubai recorded the sale of 120,000 residential units, compared to just 20,000 units in Singapore, highlighting the strength of Dubai’s economy and its effective policies. Emaar’s success stems from the initial idea, but also from its operations within Dubai and the UAE. Today, Dubai’s real estate market surpasses that of the UK, emphasizing the essential role that brokers play in this achievement”, stated Mohamed Ali Alabbar, Chairman of the Board of Directors and Founder of Emaar during the Dubai Land Department’s launch ceremony for the second phase of the Dubai Real Estate Brokers Programme.

He Added ”My advice to brokers is to focus on critical details such as prices, property types, and locations, while continuously adapting and learning from market changes. We look forward to witnessing more achievements and wish you many career successes.”

The ceremony was organised by the Dubai Land Department, which was attended by His Excellency Eng. Marwan Ahmed Bin Ghalita, Director General of the Dubai Land Department, and His Excellency Mohamed Ali Alabbar, Chairman of the Board of Directors and Founder of Emaar.

The event also brought together several officials from the public and private sectors, along with DLD’s CEOs and Directors.

Supporting Emiratisation and Achieving Dubai’s Vision
The Dubai Real Estate Brokers Programme is part of the Dubai Social Agenda 33, launched by His Highness, the Ruler of Dubai. The programme aims to triple the number of Emiratis working in the private sector, ensuring self-sufficiency and social and family stability.

More broadly, it supports the objectives of the Dubai Economic Agenda D33, which focuses on integrating 65,000 members of the new Emirati generation into the labour market, further strengthening Dubai’s position as a hub for national talent and a global center for excellence and innovation.

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