Dubai's real estate sector demonstrates its resilience.

Dubai's real estate sector has demonstrated its strength and resilience over the last few years and is set to enter a new phase of development with the approach of Expo 2020 Dubai, according to Sultan Butti bin Mejren, director general, Dubai Land Department (DLD).

The emirate's real estate sector saw its turnover rising to Dh228 billion in 2019 from Dh221 billion in the previous year.

Giving an overview of the sector's performance in 2019 at a 'Meet the CEO' event organised by the Government of Dubai Media Office (GDMO) on Tuesday, Mejren said Foreign Direct Investments (FDI) in Dubai's real estate market grew to Dh106 billion in 2019 from Dh90.5 billion in 2018, signifying the emirate's continued attractiveness as an investment destination.

"In recent decades, the real estate sector has added significant value to the emirate's economic development and its global profile. Bolstered by a recovery...