Dubai Real Estate Corporation's 2025 budget approved

According to Amac News: Based on the Dubai Real Estate Corporation announcement, in this meeting, the board reviewed the financial statements of the corporation and its subsidiary, Wasl Group, for the period from January to October 2024, reporting a 28 percent increase in revenues compared to the same period in 2023.
The board meeting addressed several topics, including Wasl Group's digital transformation strategy and the latest developments and plans for its future projects.
Maktoum bin Mohammed highlighted that the growth of the real estate sector significantly contributes to the goals of Dubai's Economic Agenda D33, aiming to transform the city into one of the world's top three urban economies.
He emphasized Dubai's ability to adapt to global challenges and attract high-quality investments and talent, reinforcing its growth as a global commercial hub.
The Minister of Finance pointed out the positive impact of the real estate industry on the economy, which extends beyond GDP to key sectors such as infrastructure, tourism, and hospitality.
He stressed the importance of flexible and market-aligned regulatory frameworks in creating optimal conditions for investors, as well as Dubai's collaboration with the private sector.