Impact of the Dubai 2040 Master Plan
The first quarter of the year has been fantastic for transactional activity
Dubai has always been known as a city that keeps reinventing itself to enhance the standard of living, boost tourism, increase investment opportunities, and improve the well-being of its people. The recently launched 2040 Master Plan is a testament to the city’s modern strategy as it will reinforce and support Dubai’s plan of becoming a futuristic integrated city with a focus on sustainability. The plan puts emphasis on providing a holistic environment and infrastructure for citizens, visitors, and investors.
Let’s first think about what the plan achieves. At its most basic level, it shows us the ‘where’ of future citybuilding. More than that, it paints the aspirations of our city. For investors, it is a transparent look at how the city is planned to look over the next 20 years. This brings confidence in decisions made in key areas of property acquisition, asset management, and portfolio building. What and more importantly, where are the future growth corridors of
Dubai are key metrics for new and existing investment (such as Dubai Expo 2020 or District 2020 as one of the five new urban centres for Dubai).
Upward trajectory in March
The first quarter of the year has been a fantastic quarter of property market transactional activity. What the plan also achieves is an investor roadmap. In the next 20 years, Dubai’s population is expected to grow to 5.8 million, from 3.3 million currently, putting a further catalyst to how supportive the Dubai 2040 plan will be to attracting new sources of real estate investment. For residents, the 2040 Master Plan means improved living standards. An abundance of green space and public realm infrastructure will only enrich the high-quality living standards Dubai already provides.