We have a plan for growth of Dubai’s housing sector till 2040, says Sheikh Mohammed

Gulf Today, Staff Reporter

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the roadmap for the second phase of projects and files to be implemented within the Dubai Urban Plan 2040.

Phase II of the plan consists of several projects under ten key initiatives, including Enhancing Urban Centres, Dubai Real Estate Strategy, Urban Farming Plan, Preserving Urban Heritage Plan, Developing the 20-Minute City Policy, and the Pedestrian Network Master Plan. His Highness also reviewed the progress of 17 projects and initiatives that were part of the initial phase of the Dubai 2040 Urban Master Plan.

Sheikh Mohammed was briefed on the progress of work on the projects and files of the first phase of the Dubai Urban Plan 2040, which number 17 files.

Sheikh Mohammed said, "Today we have a clear vision of Dubai urban and housing sectors in the city until 2040."

He added, "Our goal is for Dubai to be an environmentally friendly city... pedestrian friendly... and friendly to urban agriculture with high productivity."

Sheikh Mohammed was briefed about the details of the main files for the second phase of the Dubai Urban Plan 2040, which includes the development of an integrated plan to develop the five main urban centers (3 existing and 2 new), to meet the requirements of the urban plan, by providing integrated service centers, and to develop an integrated strategy for the real estate sector in the emirate until 2040, to ensure integration with the requirements of the Dubai Urban Plan 2040 and to achieve a balance in supply and demand.

And that is by adopting proactive initiatives to deal with opportunities and changes in the real estate market, and achieving sustainable urban development that enhances investor confidence in the real estate market.

The 2nd phase of the Dubai 2040 Urban Master Plan consists of a framework for high-yield agriculture and farming with the aid of figuring out appropriate places and growing the infrastructure and centers required to make certain food security.

Phase II additionally outlines plans for retaining the city's historical past to decorate the emirate’s identity, promote historical areas, landmarks and buildings, and enhance the tourism and archaeological sites.

The plan additionally requires growing a 20-minute town wherein citizens can attain their locations inside a 20-minute time frame taking walks or via way of means of bicycle.

The project involves developing integrated service centres with all the necessary facilities and increasing the population density around mass transit stations, allowing residents access to 80 percent of their daily needs and destinations within 20 minutes.

Additionally, a plan will be developed to enhance and utilise urban spaces, such as alleyways, spaces underneath bridges, And squares, via ways of augmenting the factors of wellbeing to lead them to appealing and enjoyable for citizens and visitors.

The initiative contributes to enriching the splendor of city areas, developing green corridors, decreasing the carbon footprint, and improving the landscaping strategy.

A complete plan for pedestrians and gentle mobility throughout Dubai will focus on connected pathways in high-density areas.