Sheikh Hamdan Unveils Major New Strategies to Transform Real Estate, Education, and Transport in the City
Over the next ten years, Dubai has revealed ambitious new plans to revolutionize the transportation, education, real estate, and other industries.
AED 1 trillion ($272 billion) in real estate transactions, a revamp of the educational system, and the installation of a new 65-kilometer transportation network linking Umm Suqeim Street, Al Khor, and Zabeel are some of these ambitious plans.
Crown Prince of Dubai, Deputy Prime Minister, UAE Defense Minister, and Chairman of the Executive Council of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has approved a number of new plans to strengthen Dubai’s leadership in a number of areas over the next ten years.
Dubai Announces Real Estate and Education Strategies
The Education Strategy 2033 and the Real Estate Strategy 2033 are two of the main plans that the Executive Council has approved. They both seek to raise the value of real estate transactions in Dubai to AED 1 trillion ($272 billion) by 2033.
Three additional plans were also approved, with the main goals being to preserve the rich history of the emirate, modernize Dubai’s transportation system, and make the city cashless.
Sheikh Hamdan underlined that people are at the center of Dubai’s development under the vision of Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s vice president, prime minister, and ruler of Dubai.
While maintaining family values and raising living standards everywhere, Dubai keeps moving forward on its path to become the world’s top place to live, invest, and pursue lifelong learning.
Education Strategy 2033
By encouraging capacity-building and providing a higher standard of learning at all levels, the Education Strategy 2033 seeks to revolutionize the educational system and guarantee high-quality education for everyone.
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.”
Dubai will make investments in a forward-thinking educational system as part of this plan, emphasizing teachers and students on an ongoing path of innovation, development, and change adaptation.
Real Estate Strategy 2033
With the aim of increasing real estate transactions to AED 1 trillion by 2033 and the sector’s contribution to Dubai’s economy, the Real Estate Strategy 2033 was approved in support of the Dubai Economic Agenda D33.
In addition, this plan seeks to increase family stability, encourage home ownership, and make Dubai more competitive internationally in the real estate market.
Key Focus Areas: Real Estate, Transport, and Cashless Society
The Real Estate Strategy aims to add AED 73 billion ($20 billion) to Dubai’s GDP by 20 times the value of real estate portfolios, or AED 20 billion ($5.4 billion).
Regarding transportation, Dubai’s Smart Mobility Strategy includes the recently approved 65km Suspended Transport Systems Project, which is scheduled to be completed by 2030. By 2030, this system will increase public transportation’s share of all trips to 26%.
By 2033, Dubai’s Cashless Strategy also hopes to make the city one of the top five cashless cities in the world, with all businesses taking digital payments and generating AED 8 billion ($2.2 billion) in revenue.
National Archives Project
In order to ensure that Dubai’s history and cultural heritage are preserved and passed on to future generations, the Mohammed bin Rashid Library is in charge of the National Archives Project. This project will support Dubai’s social and economic agendas by chronicling the emirate’s achievements, positioning it as one of the most prosperous cities in the world by 2033.
