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The Dubai 2040 Master Plan & its effect on the Real Estate Market

Dubai has always been known for its extraordinary ideas, and this time the city has moved a step further with the Dubai 2040 Master Plan announced by HH Sheikh Mohammed Bin Rashid Al Maktoum.

Transforming The Emirate In Under 20 Years
  • The aim is to promote the development of recreational parks, green societies, better cycle tracks, green oasis, and public transport with better connectivity. In short, 60% of the city will consist of natural reserves.
  • Five new urban areas will be constructed, improving the quality of life for both residents and visitors. 
  • The plan will effectively focus on enhancing the space for education and medical centers by 25%, and the length of the beaches will extend by a whopping 400%.
  • The transformation will help boost investment, trade, tourism, and business possibilities in the city, inviting expatriates from across the globe. 
How Does It Effect Real Estate?
  • HH Sheikh Mohammed Bin Rashid Al Maktoum in a tweet mentioned that he intends to, “Make Dubai the best city in the world to live in.” 
  • As the city will expand further emphasizing green spaces, new projects will be announced focusing on green living. 
  • Areas with properties around the large educational institutes and healthcare centers might witness a significant rise in prices. 
  • With different forms of visas being announced, foreign investment will increase, boosting the demand for the best real estate projects. 
  • As the connectivity increases, properties in areas with the best connectivity will see an increase in interest.
In Conclusion

Dubai 2040 Master Plan intends to make the city a ‘multicultural metropolis’ and bring in investment across all sectors. With a view to position Dubai as the best place in the world to live in – making it a sought-after investment hub.

Are you looking to invest in the city? Reach out to us for the best deals in the market. Range is a multi-award-winning real estate brokerage, At Range, you are not just working with another Real Estate Agent, instead, you are working with a genuine local. We know the best beaches for an early morning run, the places to get the best coffee, and the best places for you to live. 

Spend a day with Range, invest in some of the prime real estate projects in Dubai with bespoke concierge services available at your fingertips.