DUBAI 2040 URBAN MASTER PLAN

Real Estate Investment Opportunities & Comprehensive Market Analysis TABLE OF CONTENTS 1. EXECUTIVE SUMMARY Dubai’s 2040 Urban Master Plan represents one of the most ambitious urban transformation initiatives globally, positioning the emirate as the world’s premier destination for real estate investment. This comprehensive analysis examines the convergence of strategic urban planning, unprecedented millionaire migration, and luxury real estate development that creates exceptional opportunities for both investors and end-users Key Highlights: 2. DUBAI 2040 URBAN MASTER PLAN OVERVIEW The Dubai 2040 Urban Master Plan, approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, sets forth a comprehensive vision to make Dubai the world’s best city to live in, work, and visit. This seventh master plan, since 1960, has integrated all urban development initiatives with Dubai’s strategic economic priorities. 2.1 Five Urban Centers Strategy 2.2 Key Objectives 3. MILLIONAIRE MIGRATION & POPULATION DYNAMICS 3.1 Record-Breaking HNWI Influx Dubai has emerged as the world’s top destination for millionaire migration, attracting an unprecedented 9,800 High-Net-Worth Individuals (HNWIs) in 2025 alone. This represents the highest global inflow, surpassing traditional wealth hubs including London, Singapore, and New York. Key Migration Statistics: Primary Source Countries: 3.2 Economic Impact 4. LUXURY & ULTRA-LUXURY REAL ESTATE DEVELOPMENTS 4.1 Market Leadership Position Dubai has established itself as the global leader in ultra-luxury real estate transactions. In 2024, the emirate recorded 435 property sales exceeding USD 10 million, the highest volume globally – surpassing traditional luxury markets including London, New York, Hong Kong, and Singapore. Market Highlights: 4.2 Billionaires’ Row – Palm Jumeirah Frond G Palm Jumeirah’s Frond G has emerged as the world’s third-most prestigious billionaire enclave, following Monaco and Beverly Hills. Key Features: 4.3 Branded Residences Dubai leads globally in branded residence developments, offering an unparalleled luxury lifestyle integrated with world-class hospitality brands. Bulgari Residences – Jumeirah Bay Island: Armani Residences – Burj Khalifa: Bugatti Residences – Business Bay: 4.4 Emirates Hills – Dubai’s Beverly Hills Emirates Hills represents Dubai’s most exclusive gated community, comparable to Beverly Hills and featuring a 36-hole golf course. Market Overview: 5. MARKET PERFORMANCE & DEVELOPMENT PIPELINE 5.1 2025 Market Performance Dubai’s real estate market achieved record-breaking performance in the first half of 2025: Transaction Volume: New Launches: 5.2 Development Pipeline 2025-2040 To accommodate population growth from 3.3 million to 5.8 million, Dubai requires 505,000-600,000 new residential units through 2040. Delivery Timeline: 2025-2030 (Phase 1): 2031-2035 (Phase 2): 2036-2040 (Phase 3): 6. INFRASTRUCTURE & CONNECTIVITY 6.1 Dubai Metro Blue Line The AED 20.5 billion Dubai Metro Blue Line represents a transformative infrastructure investment, directly enhancing property values and accessibility. Project Specifications: Economic Impact: 6.2 20-Minute City Concept The master plan implements a 20-minute city concept, ensuring residents can access daily needs within 20 minutes using sustainable transport: 7. INVESTMENT ADVANTAGES 7.1 Financial Benefits Dubai offers unparalleled investment advantages combining capital appreciation, rental yields, and tax benefits: Capital Appreciation: Rental Yields: Tax Advantages: 7.2 Strategic Location Benefits Prime Investment Zones: 1. Palm Jumeirah/Billionaires’ Row    – Ultra-luxury positioning    – Limited supply driving scarcity value    – International prestige address 2. Dubai Creek Harbour    – 6 square kilometers mega-development    – Dubai Creek Tower (future world’s tallest)    – Waterfront living at competitive pricing 3. Business Bay/DIFC    – Financial district proximity    – High rental demand from professionals    – Proven appreciation track record 4. Mohammed Bin Rashid City    – Master-planned community    – Green spaces and lifestyle amenities    – Family-oriented with strong rental demand 8. END-USER BENEFITS 8.1 Quality of Life Enhancements The Dubai 2040 master plan prioritizes resident wellbeing through comprehensive lifestyle improvements: Green Spaces & Recreation: Education & Healthcare: 8.2 Accessibility & Connectivity 8.3 Affordability Programs   9. MARKET OUTLOOK & PROJECTIONS 9.1 Growth Projections Through 2040 Luxury Segment Forecast: Mid-Market Segment: 9.2 Risk Factors & Mitigation Market Risks: Mitigation Strategies: 9.3 Investment Thesis Summary Dubai’s real estate market presents a compelling investment opportunity driven by: CONCLUSION Dubai’s 2040 Urban Master Plan creates an unprecedented convergence of factors that position the emirate as the premier global destination for real estate investment. The combination of strategic government planning, record-breaking millionaire migration, world-class infrastructure development, and proven market performance creates compelling opportunities across all segments. For investors, the market offers 15-18% annual returns in prime locations, combined with 5.5-9% rental yields and comprehensive tax advantages. The ultra-luxury segment, driven by 9,800 annual HNWI arrivals bringing AED 231 billion in capital, demonstrates sustained demand for premium properties in locations like Billionaires’ Row, Emirates Hills, and branded residences. For end-users, the master plan delivers enhanced quality of life through 105% expansion of green spaces, comprehensive public transport (131 km metro network), and the innovative 20-minute city concept ensuring accessibility to all daily needs. The development pipeline of 505,000-600,000 units through 2040, aligned with population growth to 5.8 million residents, demonstrates balanced supply-demand dynamics with strategic emphasis on luxury and ultra-luxury segments where demand significantly exceeds supply. Dubai 2040 is not merely an urban development plan—it represents a comprehensive vision for creating the world’s best city to live in, work, and invest. The convergence of visionary leadership, strategic execution, and global appeal positions Dubai’s real estate market for sustained long-term growth through 2040 and beyond.

Dubai Real Estate Outperforms Global Markets with Up to 11% Yields and Strong Long-Term Value

The Dubai property market continues to stand out globally, offering compelling returns and investment advantages that make it highly attractive—especially in comparison to many major world cities. Key takeaways are below. Key Benefits for Investors Yield Performance by Location Some of the more affordable areas in Dubai are delivering particularly strong yields: These yields are significantly higher than what is typical in many mature global real estate markets. Comparison with Global Cities Price Growth & Market Trends Overall Market Outlook

MAG’s $500M Tokenization Deal with Mavryk: Redefining Real Estate Investment in Dubai

Table of Contents The Rise of Tokenized Real Estate Tokenization—the process of converting real-world assets into blockchain-based digital tokens—has been gaining traction worldwide. In real estate, it allows properties to be broken down into fractional ownership, making high-value assets more accessible to a wider pool of investors. For Dubai, where luxury property sales have already set global records, tokenization represents a natural next step. By combining blockchain with real estate, developers like MAG are introducing more inclusive ownership models while retaining the emirate’s reputation for premium quality. MAG’s $10B Vision with Mavryk The partnership between MAG and Mavryk is not a one-off experiment. It is a long-term initiative valued at $10 billion, with the initial $500 million tranche signalling the beginning of large-scale adoption. Key highlights of the initiative include: Why This Matters for Dubai’s Real Estate Market Dubai is already one of the fastest-growing luxury real estate markets globally, with international demand driving record-breaking sales. The introduction of tokenized ownership: Expands the investor base, making high-value assets accessible beyond HNWIs. Future-proofs the market by positioning Dubai at the cutting edge of global real estate innovation. Supports government vision, aligning with Dubai’s strategy to become a hub for both property and digital asset development. Global Trends: From Bricks to Blockchain MAG’s $500M tokenization deal reflects a wider trend where real estate and fintech intersect. Globally, tokenization is projected to grow exponentially, with trillions of dollars in tokenized assets expected by 2030. Dubai’s unique position as a luxury property hub with investor-friendly regulation makes it an ideal testing ground for these innovations. If successful, MAG’s partnership could set a blueprint for how developers worldwide integrate blockchain into traditional real estate. What’s Next? As MAG and Mavryk roll out their initiative, the industry will be watching closely. If Dubai can demonstrate that tokenized ownership enhances liquidity, transparency, and global participation, it could redefine how the world views property investment. For investors, this marks a new era: owning a piece of Dubai’s luxury real estate may soon be as seamless as trading a stock.

Dubai Anticipates Surge in Millionaire Residents Amid Luxury Property Boom Signaling Economic Growth

Table of Contents Dubai’s luxury property market is entering a defining moment as the city anticipates a surge in millionaire residents. Already a global hub for wealth and investment, Dubai is now expected to see an influx of ultra-high-net-worth individuals (UHNWIs) who are reshaping demand for prime real estate. This shift underscores the emirate’s unique position as both a financial powerhouse and a lifestyle destination. Dubai’s Growing Millionaire Population Recent forecasts indicate that Dubai will welcome thousands of new millionaire residents over the coming years. As the city continues to strengthen its economic diversification strategy, it has become a magnet for global wealth migration. From entrepreneurs to seasoned investors, high-net-worth individuals are increasingly drawn to Dubai for its favorable tax policies, safety, and international connectivity. Drivers Behind the Luxury Property Boom At the heart of this surge lies Dubai’s booming real estate sector, particularly in the luxury market. Developers are racing to meet the growing demand for high-end villas, branded residences, and exclusive waterfront properties. Record-breaking transactions have become common, with buyers from Europe, Asia, and the Middle East competing for limited inventory in prime locations such as Palm Jumeirah, Downtown Dubai, and Emirates Hills. Global Migration Trends and Dubai’s Appeal Dubai’s rise is also linked to a broader global trend: the reallocation of wealth. Political instability, higher taxes, and quality-of-life concerns in other regions are pushing millionaires to seek safe havens. Dubai’s visa reforms, strategic geographic location, and thriving business ecosystem make it an attractive alternative for relocating families and investors alike. The Real Estate Impact This migration trend has profound implications for Dubai’s property market. Luxury property sales are expected to climb further as wealthy expatriates settle in the city. Developers are adapting by introducing lifestyle-oriented communities that combine wellness, leisure, and exclusivity. The surge in demand has also contributed to price appreciation, cementing Dubai’s status as one of the most dynamic luxury real estate markets in the world. What This Means for Investors For investors, Dubai’s millionaire boom signals both opportunity and competition. As more UHNWIs enter the market, prime properties are becoming scarce, and values are rising. This creates strong potential for capital appreciation, especially in established luxury districts. Investors who act now are well-positioned to benefit from the ongoing wave of wealth migration and real estate growth. Dubai’s anticipated surge in millionaire residents highlights the emirate’s growing global influence. Fueled by luxury property demand and international wealth migration, the city is poised to reinforce its reputation as a premier hub for high-net-worth individuals. For investors and developers, this moment marks a rare opportunity to participate in one of the most significant luxury real estate booms of the decade.