Supports the objectives of the Dubai Urban Plan 2040

Hamdan bin Mohammed launches the digital platform "Dubai RETEC" for the real estate sector

  • The real estate sector contributes to strengthening Dubai's economy and attracting foreign investments, while attracting 38,000 new investors in 2021. Archive

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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, launched the "Dubai Re-Tech" digital platform, with the aim of supporting decision-making in the real estate market, promoting the growth and sustainability of various real estate sectors, and providing a new tool that joins To the various elements of support that serve to confirm the highest levels of transparency and establish investor confidence, while the platform is one of the initiatives in support of the Dubai Urban Plan 2040, which aims to make Dubai the best city to live and work in the world.

Support

His Highness said: "With the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai continues to support various vital sectors, including the real estate sector, to become the best in the world."

His Highness added: "The real estate sector in Dubai is witnessing strong growth, with an increase in the number of investors by 80%, and an increase in the value of annual real estate transactions to reach more than 250 billion dirhams, which confirms the attractiveness of the sector, and the keenness of investors to be part of this growing market, in In light of the ambitious development plans that are being implemented in Dubai, with all the promising opportunities that the market holds.”

the smartest city

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum stressed that the Dubai government is progressing steadily in the transformation into the smartest city in the world, while continuing to work to provide all its services, whether to individuals or institutions, as well as to investors, in an easy way, with the adoption of digital solutions and smart technologies that Increases performance efficiency in various sectors.

platform idea

The idea of ​​the new platform is based on the use of advanced technologies to develop an integrated real estate model, which relies on the use of artificial intelligence to analyze big data in the various real estate sectors in Dubai, including expectations and future scenarios, with the aim of adopting proactive strategies, policies and initiatives to deal with opportunities and changes in the real estate market.

data

The platform contains an integrated and real-time real estate database, which is shared with the various stakeholders in the sector, and includes indicators and future expectations that support the anticipation of changes that may occur in the real estate sector. Higher standards by following global best practices.

polarization

The real estate sector in Dubai is one of the vital sectors that contribute significantly to strengthening the emirate's economy, and attracting foreign investments and international and emerging companies, as more than 38,000 new investors were attracted to the Dubai real estate market this year.

Dubai Urban Plan 2040

The Dubai Urban Plan 2040, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, constitutes an integrated map to achieve sustainable urban development that enhances the emirate’s global competitiveness by supporting vital sectors such as tourism, trade, real estate and services. Logistics, providing opportunities to double levels of development and investment, and continuing to attract international and emerging companies.

Dubai Crown Prince:

• «With the vision and directives of Mohammed bin Rashid .. Dubai continues to support various vital sectors, including the real estate sector to become the best in the world».


• «Strong growth of the sector in Dubai, with an increase in the number of investors by 80%, and an increase in the value of annual real estate transactions to 250 billion dirhams».

• The platform contains an integrated and real-time real estate database, which is shared with the various stakeholders in the sector.

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