The Dubai 2040 Urban Master Plan is an ideal representation or an outline that includes green building principles, renewable energy integration, and sustainable urban development for the next 20 years, with an aim to save the resources for the generations to come. Sustainability and Smart City are the focal points of this future plan. Elevating the quality of life for both visitors and residents is the prime focus of this plan. Dubai, recognized as the most luxurious city, is further focused on increasing investment in Dubai real estate in the future with this urban master plan 2040.
The plan revolves around initiatives to reduce energy consumption by 30%, focus on increasing renewable energy usage to 75% by 2050, ensure greater efficiency and reliability in the city’s power supply, implement waste-to-energy solutions and advanced recycling facilities, reduce dependability on carbon-intensive nodes of transport, expansion of public transportation and promoting electrical vehicles, and further attract new-age industries through streamlined regulations and simplified business protocols.
Not only this, the Dubai real estate market will also be impacted by the urban master plan as this city is planning to diversify the investment and lifestyle opportunities for both residents and foreign expats from every corner of the globe. Boosting the foreign investment in Dubai, experiencing a major boost in the economy and the Dubai real estate sector is also a part of this urban master plan.
Dubai Urban Master Plan 2040 – The Main Priorities
The Urban Master Plan 2040 includes some of the key priorities that need to be taken care of for Dubai’s overall development. Keeping a vigilant eye on the below-mentioned priorities and understanding them will help you understand the entire urban master plan in a better way.
- Ensuring greater efficiency of resource usage
- Building liveable and friendly communities such as Al Karama, Arjan Dubailand, Sobha Hartland 2
- Increasing green buildings and entertainment areas twofold
- Expanding the public parks and green landscaped gardens
- Doubling public transportation and introducing electrical vehicles
- Expanding the Dubai Metro for easy commute
- Welcoming more tourists with open arms
- Boosting Investment in Dubai
Dubai Urban Master Plan 2040 – Contribution in Dubai Real Estate
In comparison with the other industries, the urban master plan will significantly impact Dubai’s real estate sector as well, as the city is planning to manifold the number of investments in Dubai and enriching the lifestyle aspects.
Both residents and the foreign expats can take advantage of these limitless possibilities. Moreover, building state-of-the-art infrastructure and delivering top-notch amenities to the Dubai residents and foreigners is main objective of the United Arab Emirates for the coming years.
Now, it’s time to have a look at some of the factors that goes in sync with the vision of His Highness, of making Dubai a favourable destination to plan a living and experience luxury at its best.
Building a 20-minute innovative city
“20-minute city” is one of the key components laid down in the Dubai’s Urban Master Plan 2040. It was introduced with an aim to build joined communities, making it easy for the residents to access 80% of their daily needs and reach the nearby destinations via a bicycle ride or a 20-minutes’ walk.
Amazing properties for all
The Urban master plan 2040 is focused towards providing amazing properties to all. This plan aims to match the demand with the supply of properties, no matter how far the population is reaching, therefore helping people to achieve their dreams of owning a home in Dubai. Right from affordable to ultra-luxurious range of properties, residents and international investors will be able to find the best housing solutions under this 2040 plan without any fuss.
Dubai Beach and Hatta Plan
The Hatta region is all set to undergo certain upgrades that will further enhance its appeal as a major hotspot for tourism, investment, and business for both local as well as international visitors. This Hatta development plan includes a wide array of initiatives such as, creating a new tourist beach and a serene lake, establishing the largest mountain walk, and construction of bike paths spanning over 120 kilometres.
Despite being a recreational haven, Hatta holds more importance for Dubai as it is the major agricultural and food supplier of Dubai. The natural source of water and the soil rich in nutrients make this area an ideal place for farming on a large scale.
The Hatta Master plan strongly emphasizes on further expanding the Agri-tech infrastructure to enhance the local food output. Hydroponic farms, greenhouses, and training facilities will further increase the commercial farming of livestock, fruits, and vegetables.
This is the main reason why Hatta plays an importance role in strengthening Dubai’s food security and being a recreational paradise.
Plan to revamp Dubai Silicon Oasis
The plan to revamp Dubai Silicon Oasis aims to revamp the area, further creating an outstanding ambiance with a strong focus on sustainability and green buildings. Dubai Silicon Oasis is expected to witness sustainable and innovative projects, rewarding residents with a serene environment and peaceful ambiance.
List of the Communities that are included in the Urban Master Plan 2040
In the Urban master plan 2040, the communities that have high growth potential, good investment potential, and close proximity to the top Dubai locations are included in this plan. The areas that will be greatly benefit from this plan are as follows:
- Deira
- Bur Dubai
- Downtown
- Business Bay
- Al Mankhool
- Jumeirah Beach Residence
- Expo 2020 Centre
- Dubai Silicon Oasis Centre
Invest Today for a Better Tomorrow
Dubai 2040 Urban Master Plan will be a perfect hit and is sure to surpass the set happiness benchmarks and sustainability standards, thereby making Dubai a global competitive city across the United Arab Emirates (UAE). Hence, for all the foreign expats who are considering an investment in Dubai should invest in the above communities as they will experience exceptional growth and reward investors with a higher ROI and lavish lifestyle.
Currently, Dubai has a population of 3.3 Million people, however, it is expected to shoot up to 5.8 Million by the year 2040, marking a major increase of around 2 Million. The Urban Master Plan 2040, introduced by His Highness in 2021 lays a strong foundation for the city’s sustainable development for the next 20 years and to further meet the needs of the coming generations.
Wrapping Up
Now, as you have gained an insight into the Dubai 2040 Urban Master plan, this is the best time to make an investment in Dubai real estate. The city is all set to come up with the latest off plan projects in Dubai from the best developers such as EMAAR, Sobha Realty, Danube Group, DAMAC Properties, HOE, etc, in the best communities.
So, what are you still waiting for? Making an investment in Dubai is one of the best decisions that you can take if you want to gain profitable returns and live an ultra-luxurious life.
Certain Frequently Asked Questions
How will Dubai look in 2040?
By 2040, Dubai will become a haven of green and recreational spaces. Several green corridors will be built to link the service, residential, and workplaces.
What is Dubai 2050?
Dubai is on its track to achieve the Dubai Net 0 Carbon Emissions Strategy 2050 and Dubai Clean Energy Strategy 2050. The main aim of Dubai behind these strategies is to achieve the goal of 100 percent clean energy production capacity by 2050.
What are the 5 Urban centers in Dubai?
The 5 Urban centers in Dubai are Downtown Dubai, Business Bay, Dubai International Financial centre, Dubai Marina, and Jumeirah Lake Towers (JLT).
What is the population target for Dubai 2040?
Dubai’s population is growing at a rapid pace and it is expected that it will reach 5.8 Million by 2040, reflecting a major increase of around 2 Million.
