When I first entered the real estate industry in Dubai 12 years ago, the gender gap was glaringly apparent. As a real estate agent at the time, I often found myself as the only woman in the room during meetings and negotiations. However, over the years, I've witnessed a remarkable transformation. Today, women are not just participating in the real estate sector; they are thriving and leading it.
In 2022, women accounted for 34.8% of registered real estate brokers in Dubai, and their investments in the sector grew by 50.7% in volume and 53% in value from the previous year. This surge in female participation reflects the UAE's commitment to gender equality and the increasing recognition of women's contributions to the economy.
One of the key factors that give women an edge in real estate is emotional intelligence; the ability to understand and manage one's own emotions and those of others, is crucial in building and maintaining client relationships. In a field where trust and rapport are paramount, women's natural empathy and communication skills often lead to stronger connections with clients. This, in turn, translates to better client satisfaction and loyalty.
In Dubai, the real estate industry is not only a platform for professional growth but also a financially rewarding one. The city's robust regulatory framework, positive economic outlook, and exceptional infrastructure make it an attractive market for investors. Women are seizing these opportunities and making significant strides.
In 2022, female investors registered 33,419 real estate investments worth over Dh58.8 billion. This growth is down to the vision of the UAE's leadership to empower women and promote gender balance in all sectors.
At haus & haus, we are proud to see the impact of female leadership in our company – 30% of our top 10 agents are women, and their contributions have been instrumental in our success. These women bring diverse perspectives and innovative approaches to the table, driving our company forward.
The rise of women in Dubai's real estate industry is not just about numbers; it's about changing perceptions and breaking stereotypes. It's about showing that women can excel in any field, including one traditionally dominated by men. It's about inspiring the next generation of female real estate professionals to dream big and achieve even greater heights.
As we continue to move forward, it's essential to support and encourage women in real estate. Mentorship programs, networking opportunities, and policies that promote work-life balance can help create a more inclusive and supportive environment. By doing so, we can ensure that the progress we've made is not just a fleeting trend but a lasting change.
The journey of women in Dubai's real estate industry has been one of resilience, determination, and success. From being a minority in a male-dominated field to becoming leaders and innovators, women have proven their mettle.
As we look to the years ahead – especially as Dubai’s market reached incredible new heights – let's continue to champion and celebrate the achievements of women in real estate.
