Mohammed bin Rashid: Dubai Has AED 2.1 Trillion in Projects Under Execution
Mohammed bin Rashid stated that Dubai has around AED 2.1 trillion in projects under execution, including AED 1.1 trillion in real estate projects through 2030.
Sheikh Mohammed bin Rashid Al Maktoum stated that Dubai has around AED 2.1 trillion worth of projects under execution, spanning housing, transport, aviation, infrastructure, and the economy, speaking during the Mohammed bin Rashid Leadership Forum held at the Dubai World Trade Centre.
The value of real estate projects in Dubai stands at around AED 1.1 trillion through 2030, with the emirate's development portfolio comprising approximately 350,000 planned residential units, making the real estate sector the largest single component of these projects.
The figures announced by Mohammed bin Rashid indicate that projects under execution are not limited to real estate, but extend to transport, aviation, infrastructure, and economic projects, reflecting a development model based on expanding the emirate's urban and service base.
These projects are expected to boost demand for construction materials and related services in the coming years, at a time when Dubai continues to announce expansions in housing and infrastructure as a driver of economic activity.
What Do These Terms Mean?
Trillion: One thousand billion, used to measure massive figures such as the value of real estate projects.
Projects Under Execution: Projects that have actually commenced implementation on the ground and are no longer just announced plans.
Residential Unit: A dwelling designed for family living, whether an apartment or a villa within a development project.
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