History

Indulge yourself in the extraordinary story that reveals Dubai’s transformation through decades, towards becoming a beacon of global influence, culture, and innovation.

THROUGH THE YEARS

Scaling New Heights

Dubai’s evolution from a humble trading post to one of the world’s most sought-after cities is a testament to its vision, resilience, and ambition. With its strong economic growth, strategic urban development, and high demand for luxury properties, Dubai’s real estate sector is poised for significant expansion in the coming years.

Real Estate Investments

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Growth Year By Year

CHARTING THE GROWTH OF DUBAI

From a desert outpost to a global icon

Over the last few decades, Dubai has redefined itself time and time again. From its rapid economic development to its cutting-edge infrastructure and towering skyline, the city stands as a symbol of what’s possible when ambition meets opportunity.

1971

Dubai and other emirates sign a deal to form the United Arab Emirates (UAE) on 2 December, 1971. This date is marked each year as the UAE’s National Day.

1973

Dubai adopts the UAE dirham as its currency.

1979

Dubai World Trade Centre, the city’s first skyscraper, opens creating a regional finance centre. Formerly known as Sheikh Rashid Tower, the 38-storey building remains an icon on the city skyline.

1985

Dubai’s flagship airline, Emirates, is launched.

1990

His Highness Sheikh Maktoum bin Rashid Al Maktoum becomes the Ruler of Dubai, following his father, His Highness Sheikh Rashid bin Saeed Al Maktoum.

1994

The launch of the Burj Al Arab celebrating Dubai as hosting one of the tallest hotels in the world, standing at a total height of 321 meters.

2001

In summer of 2001, construction on the anticipated Palm Jumeirah project began, an anticipated archipelago of man-made islands.

2003

Dubai plays host to the annual meeting of the World Bank and the International Monetary Fund (IMF) and is recognised as a global financial hub.

2004

Dubai plays host to the annual meeting of the World Bank and the International Monetary Fund (IMF) and is recognised as a global financial hub.

2006

His Highness Sheikh Mohammed bin Rashid Al Maktoum becomes the Ruler of Dubai, as well as the Vice President and Prime Minister of the UAE.

2009

Dubai Metro opens. It is one of the most advanced railway systems in the world. It is a fully automated and driverless collection of trains that travel across 53 stations along the length of the city.

2010

In January, the record-breaking Burj Khalifa opened its revolving doors to the world and became a landmark within the city. Known as the world’s tallest skyscraper with a height of 828 meters, the Burj Khalifa cost a total of $1.5 billion in construction.

2018

Dubai Frame

2021

Ain Dubai

2022

Future Museum

2024...

Dubai Today

As we look ahead, a promising Compound Annual Growth Rate (CAGR) forecast of over 8% from 2024 to 2029, not only sets a strong foundation for increased property supply and rising investor interest but also indicates the strength of Dubai’s housing market with a promising future for both investors and homeowners alike.

A STORY IN MOTION

The journey so far

Dubai’s transformation wasn’t an overnight success – it’s the result of decades of strategic growth, visionary leadership, and an unwavering commitment to becoming a global leader.

“I want Dubai to be number one. Not in the region, but in the world. Number one in everything: high education, health, and housing. I want to give my people the highest way of living.”

HISTORY