Real estate investment implications of ‘the Dubai 2040 Urban Master Plans’

The goal of HH Sheikh Mohammed Ibn Rashid Al Maktoum holds for Dubai over the next 20 years is reflected in the recently released Dubai 2040 Urban Master Plan.

This strategy-driven plan has as its main objective enhancing the standard of living for both locals and visitors in the Emirate and securing its place as one of the most sought-after travel destinations in the world. It will maintain Dubai as one of the best interesting cities on the planet to work and live in while securing its status as a “must visit” global tourist centre.

The Dubai 2040 Urban Master Plan establishes a foundation from which to launch Dubai as a great city of the future while also honouring traditional Emirati heritage. Due to its incredible ability for innovation and its recent exponential growth of almost 40 years, the city already has demonstrated this. Even though it has already made a name for itself as being one of the best cities in the world to reside and participate in, the strategy for 2040 and the city’s projected future expansion are expected to elevate it to a new level in this regard.

Finest city in the world to live in

The Dubai 2040 Urban Master Plan would upgrade the city’s current facilities and infrastructure in addition to creating new hubs and urban centres in underdeveloped regions. Currently, there are about 3 million people living in Dubai. According to the big plan, the city intends to house an estimated 5.8 million people by 2040, nearly doubling its current population. This will strengthen an already vibrant and diverse economy while also boosting demand for high-quality, reasonably priced, and strategically placed residential buildings.

Flexible urban planning regulations that encompass many levels of infrastructures, all focused on long-term efficiency and sustainability, all while addressing the demands of all existing and future residents, are part of the effort to make Dubai the greatest city in the world to live in. The goal is to build a city that is integrated by smooth transportation systems, providing a sustainable mode of transportation inside the city connecting the many neighbourhoods, commercial centres, and entertainment hotspots. The goal is for more than 55percent of the population to reside within 800 metres of a reliable form of public transportation by the time this master plan is completed.

The land allotted to educational and medical facilities will be enhanced by 25% throughout the city in order to draw in skilled workers from all around the world and foster the growth of local talent to maintain Dubai at the cutting edge of technology.

Tourism and Economy boost

The UAE’s economy has been and always will continue to be largely driven by tourism, and strategies are being made to make sure that this industry continues to thrive. Dubai will intensify its efforts to overtake other tourist destinations on the planet by 2040 by increasing the amount of land allotted for hotels and other tourist-related activities by 134%. Currently, Dubai receives about 21 million tourists annually, but as the city gears itself for such enormous development and growth, it is anticipated that this figure will keep increasing.


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