Dubai Real Estate Sales Reach AED 379 Billion Ahead of 'RAISE 2026' Summit
Real estate sales in the emirate reached AED 379 billion in nine months, as Dubai hosts the 'RAISE 2026' summit on October 14 with the participation of over 250 investors.
Dubai is hosting the inaugural edition of the 'RAISE 2026' summit on October 14 at the Dubai World Trade Centre, with the participation of more than 250 investors, representatives of sovereign wealth funds, government officials, and real estate developers.
The summit comes at a time when the value of real estate sales in the emirate reached AED 379 billion during the first nine months of the year, according to data from the Dubai Land Department, while the Purchasing Managers' Index (PMI) for Dubai's non-oil private sector recorded 54.5 points last September, according to S&P Global data.
Additionally, the number of active companies registered in the Dubai International Financial Centre exceeded 10,000 in the first half of this year, and investments by Gulf sovereign wealth funds reached $53.9 billion during the same period, according to Global SWF estimates.
The summit will discuss global investment trends and opportunities in infrastructure, real estate, technology, and the urban economy, with the participation of Minister of Economy and Tourism Abdulla bin Touq Al Marri, Director General of the Dubai Land Department Omar Bushahab, and Founder of Emaar Properties Mohamed Alabbar, alongside a number of chief executive officers in the real estate and hospitality sectors.
What do these terms mean?
RAISE Summit: An international investment forum held in Dubai that brings together investors, wealth funds, and developers to discuss directing capital into major sectors.
Purchasing Managers' Index: An index that measures business activity in a sector; a reading above 50 points indicates expansion in activity, while a reading below it indicates contraction.
Sovereign Wealth Funds: Financial funds owned by states that manage their surpluses, investing in domestic and foreign projects and assets to diversify income sources.
Real Estate Sales: The value of property sales transactions officially registered during a period, serving as a measure of real estate market activity.
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