Dubai approves AED2 billion urban centres development plan to boost property values by AED20 billion

Dubai: His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence and Chairman of the Executive Council of the Emirate of Dubai, affirmed that Dubai’s momentum of development and pioneering projects continues, with the goal of building a better future for generations to come while creating greater opportunities and improving quality of life for the people of Dubai.

His Highness made the remarks while chairing a meeting of the Executive Council, attended by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, and His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai.

During the meeting, the Council approved a plan to develop urban centres with investments exceeding AED2 billion, aimed at creating integrated communities that support sustainable growth and meet people’s aspirations.

The plan seeks to increase the real estate value of these centres by AED20 billion and focuses on three main pillars: quality of life, economic returns, and infrastructure efficiency and cost. It also aims to increase the proportion of the population living around metro stations to 74% and raise public service coverage to 85%.

The Council also adopted a sustainable population planning policy designed to align economic and population growth and guide the development of services in line with the emirate’s future needs.

In addition, it adopted a digital authorisation system to provide a unified and reliable government experience that meets the needs of society and the business environment.

His Highness said in a post on social media platform X: “I chaired the Executive Council meeting, and we approved a plan to develop urban centers with investments exceeding two billion dirhams, to build integrated communities that support sustainable growth and meet people’s aspirations.”

He added: “Our goal is to increase the real estate value of these centers by 20 billion dirhams. The plan focuses on three main pillars: quality of life, economic returns, and the efficiency and cost of infrastructure. It aims to raise the percentage of the population around metro stations to 74%, and increase the coverage of public services to 85%.”

His Highness continued: “We have also adopted a sustainable population planning policy to align economic and population growth, and to guide the development of services according to the future needs of the emirate.”

He added: “We have also adopted a digital authorization system to provide a unified and reliable government experience that meets the needs of society and the business environment.”

His Highness concluded: “The momentum of development and pioneering projects continues, and our goal is always to build a better future for future generations and greater opportunities and a better life for the people of Dubai.”