{"id":7376,"date":"2021-03-18T17:02:19","date_gmt":"2021-03-18T13:02:19","guid":{"rendered":"https:\/\/keyonerealtygroup.com\/?p=7376"},"modified":"2025-05-01T09:32:42","modified_gmt":"2025-05-01T05:32:42","slug":"dubai-2040-urban-master-plan-increase-real-estate-prices","status":"publish","type":"post","link":"https:\/\/www.keyone.com\/blog\/dubai-2040-urban-master-plan-increase-real-estate-prices\/","title":{"rendered":"Dubai 2040 Urban Master Plan set to increase real estate prices"},"content":{"rendered":"\n<p>According to industry experts, The Dubai 2040 Urban Master Plan will positively affect the real estate prices in the emirates. Oversupply of housing will finally be addressed by the expected influx of foreign nationals and investors caused by the master plan.<\/p>\n\n\n\n<p>HH Sheikh Mohammed bin Rashid Al Maktoum announced the Urban Master Plan last Saturday, March 13. Ultimately, the goal is to make Dubai the best city in the world to live in. In hopes of boosting development, tourism, investment, and the quality of life for the existing residents, the city aims to be the best for living in the world.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">We launched Dubai 2040 Urban Master Plan with aims to make Dubai the world&#39;s best city to live in. Areas dedicated to economic &amp; recreational activities will double, our public beach areas will increase by 400% over the next 20 years &amp; 60% of Dubai&#39;s area will be nature reserves <a href=\"https:\/\/t.co\/Td3qsyGadj\">pic.twitter.com\/Td3qsyGadj<\/a><\/p>&mdash; HH Sheikh Mohammed (@HHShkMohd) <a href=\"https:\/\/twitter.com\/HHShkMohd\/status\/1370711740309073920?ref_src=twsrc%5Etfw\">March 13, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Dubai2040?src=hash&amp;ref_src=twsrc%5Etfw\">#Dubai2040<\/a> plan aims to realise <a href=\"https:\/\/twitter.com\/HHShkMohd?ref_src=twsrc%5Etfw\">@HHShkMohd<\/a>\u2019s vision to make Dubai the world\u2019s best city to live. <a href=\"https:\/\/t.co\/g1ax5OfaHT\">pic.twitter.com\/g1ax5OfaHT<\/a><\/p>&mdash; Dubai Media Office (@DXBMediaOffice) <a href=\"https:\/\/twitter.com\/DXBMediaOffice\/status\/1370659476039028738?ref_src=twsrc%5Etfw\">March 13, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>In the next 20 years, ambitious changes in the city will be seen in the development of 5 Urban Centers \u2013 namely, Deira\/Bur Dubai, Downtown\/Business Bay, Dubai Marina\/JBR, Expo 2020, and Dubai Silicon Oasis. The plan also aims to increase commercial areas by 168%, tourism areas by 134%, land area for health and education facilities by 25%, and a massive 400% increase in public beaches. All this, while setting 60% of the city a nature reserve. A majority of the population (55%) will also be living within 800 meters of their nearest public transport facility. This means no more long trudges going to metro stations!<\/p>\n\n\n\n<p>\u201cThe new urban plan aims to design life in Dubai for the next 20 years, provide the best quality of life and pave the way for the next major residential and economic developments in the city.\u201d Reads a tweet from HH Sheikh Mohammed bin Rashid Al Maktoum.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The new urban plan aims to design life in Dubai for the next 20 years, provide the best quality of life and pave the way for the next major residential and economic developments in the city. <a href=\"https:\/\/t.co\/VMUCzP2O1k\">pic.twitter.com\/VMUCzP2O1k<\/a><\/p>&mdash; HH Sheikh Mohammed (@HHShkMohd) <a href=\"https:\/\/twitter.com\/HHShkMohd\/status\/1370711940037668870?ref_src=twsrc%5Etfw\">March 13, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\">The vision for the industry<\/h5>\n\n\n\n<p>Oversupply has been a persistent issue in the property area of the UAE. With the population expected to double by 2040, this issue will no longer face a problem for the real estate industry. According to the Dubai 2040 Urban Master Plan, the population will reach 5.8 million from 3.5 million this year.<\/p>\n\n\n\n<p>Recent reforms in laws regarding company ownership, citizenship, golden, and retirement visas speak to Dubai\u2019s overall direction and long-term investment appeal. More and more people all over the world will want to invest and live in the city which will use up the housing supply.<\/p>\n\n\n\n<p>Chris Hobden, of Chestertons MENA, said, \u201cThe balance struck between preserving existing urban areas and supporting new sustainable development through infrastructure and planning reforms will positively affect Dubai\u2019s property market, serving to underpin values and create new project opportunities.\u201d He continued, \u201cThe focus on expanding the emirate\u2019s conservation and recreational areas will further enhance Dubai\u2019s cityscape, with proximity to green space a key driver of residential property values.\u201d<\/p>\n\n\n\n<p>Now is the best time to invest in a property in Dubai. For more details, contact us at <a href=\"https:\/\/keyonerealtygroup.com\/contact-us\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/keyonerealtygroup.com\/contact\/<\/a>.<\/p>\n\n\n\n<p><em>sources: <\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a style=\"color: #E74D57!important;\" href=\"https:\/\/www.arabianbusiness.com\/real-estate\/460272-urban-master-plan-to-boost-dubais-real-estate-market\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.arabianbusiness.com\/real-estate\/460272-urban-master-plan-to-boost-dubais-real-estate-market<\/a><\/li>\n\n\n\n<li><a style=\"color: #E74D57!important;\" href=\"https:\/\/www.propertynews.ae\/uae\/how-dubais-2040-master-plan-will-settle-oversupply-in-the-real-estate-market\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.propertynews.ae\/uae\/how-dubais-2040-master-plan-will-settle-oversupply-in-the-real-estate-market\/<\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to industry experts, The Dubai 2040 Urban Master Plan will positively affect the real estate prices in the emirates. Oversupply of housing will finally be addressed by the expected influx of foreign nationals and investors caused by the master plan. HH Sheikh Mohammed bin Rashid Al Maktoum announced the Urban Master Plan last Saturday, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7378,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,3],"tags":[45,46,47,48,21,9,49,11,16,17,31,50],"class_list":["post-7376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-event","category-real-estate","tag-buy-real-estate-in-dubai","tag-dubai-2040","tag-dubai-2040-urban-master-plan","tag-dubai-investment-real-estate","tag-dubai-property-market","tag-dubai-real-estate","tag-increase-real-estate-prices","tag-invest-in-dubai","tag-properties-for-sale-in-dubai","tag-property-management-companies-in-dubai","tag-real-estate-investment-dubai","tag-sheikh-mohammed-bin-rashid-al-maktoum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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