Sheikh Hamdan approves plan to boost property values of 48 Dubai areas by Dh20 billion
Dubai has approved a plan to transform 48 urban centres, which is expected to boost property values in the areas by Dh20 billion ($5.45 billion) by 2040. Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, chaired a meeting of the Executive Council of Dubai on Tuesday, which approved three policies. The council approved the Urban Centres Development…
Dubai's Crown Prince, Sheikh Hamdan bin Mohammed, approved a plan on Tuesday to develop 48 urban centers, aiming to increase property values by Dh20 billion ($5.45 billion) by 2040. The plan is part of three policies, including Sustainable Population Planning Policy and the Digital Authorisation System, that were also endorsed by the Executive Council of Dubai.
The Urban Centres Development Plan, with a budget exceeding Dh2 billion, covers 6 main urban centers and 42 supporting sub-centers, making up 12% of Dubai's urban area. By 2040, it is projected to raise real estate values in targeted areas by Dh20 billion, improve public services coverage, and increase the proportion of residents living near metro stations.
The Sustainable Population Planning Policy aims to align economic and population growth, guiding service development in line with Dubai's future needs. It supports job growth in high-productivity sectors and aims to attract talent and skills, raising average income for individuals and families.
The Digital Authorisation System, developed and operated by Digital Dubai, allows customers to authorize others to complete low-risk transactions on their behalf digitally. The system aims to provide a fully digital experience, combat fraud, disputes, and operational risks, and achieve a 90% Customer Effort Index score.
Written by urgent.news from The National Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
