D33: Dubai real estate will be a major beneficiary

The real estate executives and developers welcomed the Dubai Economic Agenda, or D33, announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and said property sector will be major beneficiary of the latest initiative.

Niall McLoughlin, senior vice-president at DAMAC, said DAMAC is excited to welcome this new agenda and reiterate its ongoing commitment to contributing to this hoped-for, promising transformation.

“A key reason why Dubai emerged fast as a leading global destination for businesses and investors is its unique ability to reinvent and embrace the future. Building on the emirate’s success over the past decades, the ambitious D33 roadmap, which focuses heavily on partnerships, investment, technology and digitization, and people empowerment, will turbocharge Dubai’s holistic development and raise its profile further among world cities and financial hubs,” McLoughlin told Khaleej Times.