Sheikh Hamdan Unveils Major New Strategies to Transform Real Estate, Education, and Transport in the City
Dubai has announced significant new plans to transform the real estate, education, transport, and other sectors over the next decade.
Among these ambitious plans is a AED 1 trillion ($272bn) real estate transaction target, an overhaul of the education system, and the introduction of a new 65km transport system connecting Umm Suqeim Street, Al Khor, and Zabeel.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, has approved a series of new plans aimed at bolstering Dubai’s leadership across several sectors over the next ten years.
Dubai Announces Real Estate and Education Strategies
The major plans approved by The Executive Council include the Education Strategy 2033 and the Real Estate Strategy 2033, which aim to increase the value of Dubai’s real estate transactions to AED 1 trillion ($272bn) by 2033.
In addition, three other strategies were approved, focusing on modernizing Dubai’s transport infrastructure, transforming the city into a cashless society, and preserving the emirate’s rich heritage.
Sheikh Hamdan emphasized that under the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, people are at the heart of Dubai’s development.
Dubai continues its journey to becoming the world’s leading destination for living, investment, and lifelong learning, all while preserving family values and improving the quality of life in every aspect.
Education Strategy 2033
The Education Strategy 2033 aims to transform the education system to ensure high-quality education for all, fostering capacity-building and delivering a higher standard of learning across all levels.
Sheikh Hamdan highlighted:
“Our strategy for a world-leading education system will foster lifelong learning and equip the next generation of national leaders, grounded in Emirati values and identity, to shape the future.”
Under this plan, Dubai will invest in a future-focused education system that prioritizes both teachers and students on a continuous journey of creativity, growth, and adaptation to change.
Real Estate Strategy 2033
The Real Estate Strategy 2033 was approved to support the Dubai Economic Agenda D33, with the goal of boosting real estate transactions to AED 1 trillion by 2033 and increasing the sector’s contribution to Dubai’s economy.
This strategy also aims to promote home ownership, enhance family stability, and boost Dubai’s global competitiveness in the real estate sector.
Key Focus Areas: Real Estate, Transport, and Cashless Society
The Real Estate Strategy seeks to multiply the value of real estate portfolios by 20 times to AED 20bn ($5.4bn) and contribute AED 73bn ($20bn) to Dubai’s GDP.
On the transportation front, the newly approved 65km Suspended Transport Systems Project is part of Dubai’s Smart Mobility Strategy and will be fully implemented by 2030. This system will improve public transport, increasing its share to 26 percent of all trips by 2030.
Additionally, Dubai’s Cashless Strategy aims to position the city as one of the top five cashless cities globally by 2033, with 100 percent of businesses accepting digital payments, contributing AED 8bn ($2.2bn) to the economy.
National Archives Project
The National Archives Project, overseen by the Mohammed bin Rashid Library, aims to preserve Dubai’s history and cultural heritage, ensuring its legacy is passed on to future generations. By documenting the emirate’s success stories, this project will contribute to Dubai’s social and economic agendas, establishing it as one of the world’s top economic cities by 2033.
Source: arabianbusiness.com