Approval for the second phase of the Dubai-Two Thousand Forty Urban Master Plan, which will contribute to the Dubai Development Tax. The approval was given after evaluating the progress of the first phase.
UAE Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has approved the project. A total of 10 projects have been announced, including City Center Improvement, Dubai Real Estate Strategy, Urban Agriculture Plan, Urban Heritage Preservation Plan, 20 Minute City and Pedestrian Network Master Plan.
The first phase consisted of 17 projects. Sheikh Mohammed said he has a clear vision of what the development of urban infrastructure and housing sector in Dubai should look like up to 2040. Chairman of the Dubai Supreme Committee on Urban Planning, Matwar Al Tayer, explained the project before the Sheikh Mohammed.
The plan also proposes a comprehensive plan that considers real estate sector demand in Dubai up to 2040. The master plan also plans to find and cultivate suitable areas for urban agriculture so as to produce high yields to ensure food security. The “20 Minute City” scheme is also part of the master plan, where residents can reach 80% of the city within 20 minutes on foot or by bicycle.
