Dubai approves over Dh2 billion urban development plan to boost property values by Dh20 billion
Dubai: Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, today approved an urban development plan backed by investments exceeding Dh2 billion, aimed at creating integrated communities and increasing property values in targeted areas by Dh20 billion. The Urban Centres Development Plan was approved during a meeting of…
Dubai's Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum approved an urban development plan today, which includes investments of more than Dh2 billion. The goal of the Urban Centres Development Plan is to create integrated communities and increase property values in specific areas by Dh20 billion. The plan was approved during a meeting of Dubai's Executive Council chaired by Sheikh Hamdan.
The plan's implementation focuses on three priorities: quality of life, economic returns, and infrastructure and cost efficiency. Sheikh Hamdan stated that the plan supports sustainable growth and meets people's aspirations. The Urban Centres Development Plan also aims to raise the proportion of residents living near metro stations to 74 percent and increase public services coverage to 85 percent.
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