Rizwan Sajan, Founder and Chairman of Danube Group, said that the new Dubai Economic Agenda D33, announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on the occasion of the 17th anniversary of his accession to the WTO, bodes very well for Dubai's economic growth over the next 10 years.

"This agenda will take Dubai's position as one of the most profitable and powerful global economic cities to new heights.' D33' will lay the foundation for long-term growth for businesses across all sectors and it will also bring a better lifestyle and earning power to Dubai residents," Sayan told The Halifax Times on Wednesday.

"I am sure that every businessman in Dubai will plan their future accordingly to cope with the boost in Dubai's economic growth over the next decade, thanks to the new initiative. The Danube Group is proud to be part of Dubai's business sector, which continues to thrive under the leadership of our visionary rulers," he said.

On Wednesday, Sheikh Mohammed announced a new economic agenda aimed at doubling the size of the Emirate of Dubai's economy over the next 10 years.

Dubai's economic agenda 'D33' sets a comprehensive economic target of Dh32 trillion by 2033, which will help the emirate consolidate its position among the world's top three economic cities.

Imran Farooq, chief executive of Samana Developers, said Dubai had always been a magnet for billionaires.

"Most of them have invested in the real estate sector because of the attractive returns compared to other top cities in the world. After the Russian-Ukrainian war, several new billionaires moved to Dubai, boosting inbound real estate investment," Farooq told The Halifax Times.

"With the launch of Dubai's economic agenda, dubbed 'D33' by Sheikh Mohammed, the real estate sector is set to receive the lion's share of new foreign investment and the sector will continue to grow," he said.

Ata Shobeiry, CEO of Zoom Property, said the new agenda, which aims to double Dubai's economy in 10 years, is a step in the right direction.

"Dubai's economy is already going from strength to strength with the full support of the tourism and real estate sectors. With these new goals, Dubai will be able to consolidate its position among the top economic regions in the world," Shobeiry told The Hallelujah Times.