Dubai 2040 Plan – why invest in Dubai property.
With Global Investments offices in Dubai ready and property promotions to start early in 2024 the following overview of the Dubai 2024 plan will be interesting reading for our investor clients. The 2040 plan is a vision for the future of residential communities and Dubai 2040 urban master plan Dubai became the ultimate and most sought-after city for many expats from all over the world who are seeking better living and promising career paths. Consequently, the number of expatriates in Dubai has grown rapidly in the past two decades. According to the Dubai Statistics Centre, from 560,000 residents in 1975 and 2.9 million in 2000, Dubai entered 2023 with a population of more than 3.55 million which is quite impressive! This owes to different reasons and factors, but most importantly: The economic diversification and industry building set population growth in motion, sustained by pro-business legislation and a high quality of life. Visa amendments like the Golden and Retirement visas further encouraged people to lay their roots in Dubai. Last year, the emirate ranked as the world’s second-best expat city in the Expat City Ranking 2022 and one of the safest cities in the world. With so many favourable qualities, it’s no surprise that the UN predicts the UAE’s population will grow to 13.2 million by 2050. Consequently, Dubai 2040 Urban Master Plan was introduced in 2021 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai. This is to have a clear plan for the city’s goals and to guarantee you a better living experience in this outstanding city. Dubai 2040 Plan briefly Dubai Urban Master Plan 2024 provides a comprehensive future roadmap for the emirate’s sustainable urban development. Underlining the UAE’s vision for the next half-century, it’s tailored towards enhancing your happiness and quality of life. Overarchingly, the Dubai master urban plan 2040 includes: Doubling the size of green and recreational areas Making convenient proximity to multi-purpose service centres and public transport Supporting sustainable development through legislation Preserving nature reserves and natural ecosystems Working on the National Housing project Dedicating more areas to hospitality and tourism activities as well as education and health facilities. Creating 20-minute Cities. Dubai Urban Plan 2040 is divided into two phases; the second was launched in December 2022 with the goal of developing a 20-minute city. It aims to enable the residents to access 80% of their daily needs and destinations within 20 minutes on foot or by bicycle. This is achieved by developing walkable and mixed-use urban developments to improve the quality of life through. Providing greater convenience and flexibility in landscapes Encouraging more physical activity Developing a stronger sense of community. The Dubai 2040 Urban Master Plan aims to Develop integrated service centres with all the necessary facilities. Enable more people to live near mass transit stations. Food also plays a vital role in Phase 2, with plans to grow locally through vertical farming. This is all to enhance the living standards and raise your benchmarks when it comes to the place, you’re living in. What Does This Mean for You? The Dubai 2040 Urban Master Plan puts you and your comfort at the heart of urban planning. As more people call Dubai home, the city is expanding with more diverse lifestyle offerings. It also aims to enhance urban spaces to make them more attractive and landscaped. For you as a resident, it means you will enjoy. Greater equity in the city and housing planning Connectivity High-quality living spaces that feel central to your daily activities Developing a stronger sense of belonging Reducing one’s carbon footprint by reducing commuting time. Smooth commuting and better traffic management due to more public transport use Global investments are ready to serve you and your property investment needs in UK, USA and now Dubai, UAE.
