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 sanctioned a number of new initiatives to strengthen Dubai’s leadership in a number of areas for the next ten years.
Sectors in which new plan has been revealed includes: transportation, education, real estate, and other industries. Real Estate Sector Includes AED 1 trillion ($272 billion), a change in 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.
Real Estate and Education Strategies
The Education Strategy and the Real Estate Strategy 2033 are two crucial plans that the Executive Council has approved. They both seek to increase the value of real estate transactions in Dubai to AED 1 trillion ($272 billion) by 2033.
Further three plans were also approved, with the main goals being to conserve the rich history of the emirate, modernize Dubai’s transportation system, and make the city cashless. Sheikh Hamdan highlighted that people are at the center of Dubai’s development under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s vice president, prime minister, and ruler of Dubai.
Education Strategy 2033
By uplifting capacity-building and providing a higher standard of learning at all levels, the Education Strategy 2033 looks 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.”
Real Estate Strategy 2033
With the motive 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.
Additionally, this plan seeks to enhance family stability, encourage home ownership, and make Dubai more competitive globally in the real estate market.
Source: Propertynews
