Dubai released an ambitious master plan on Tuesday that is focused towards preserving its rich heritage and transform transportation, real estate, and education in the upcoming ten years.
Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, the Deputy Prime Minister, and the Minister of Defense, disclosed the main plan. The Executive Council of Dubai, headed by Sheikh Hamdan, approved a set of measures focused to support the long-term growth of the emirate. The ambitious master plan are a part of the larger Dubai Plan 2033 and Dubai Social Agenda 33, which collectively seek to make the emirate a popular place to live, study, and invest across the globe.
Investing in Education
According to Sheikh Hamdan, the goal of the Education Strategy 2033 is to give educators and students the resources they need to raise academic standards and cultivate the next generation of leaders for the country. He released a statement that goes like:
“Today, we approved the Education Strategy 2033 under the Dubai Social Agenda 33, targeting a significant shift in our education system,” Sheikh Hamdan said, in remarks shared by Dubai Media Office.
“Under the guidance of Sheikh Mohammed bin Rashid, [Vice President and Ruler of Dubai], Dubai has developed a unique, pioneering global model, and we are now building a more advanced education system in line with this model.
“This strategy is an investment in Dubai’s future, empowering the next generation with essential skills. We have directed the Knowledge and Human Development Authority to place students at the heart of the new system to equip them with skills to lead and shape the future.”
Real Estate Rise
The strategy of real estate 2033 aims to double the real estate sector’s contribution to economic diversification and help Dubai achieve its goal of growing real estate transactions to Dh1 trillion ($227.2 billion) by 2033.
“The strategy also boosts Emirati competitiveness and promotes home ownership to enhance family stability,” Sheikh Hamdan said.
The goal is to double the value of Dubai’s real estate portfolios by 20 times, to Dh20 billion, and increase real estate transactions by 70%.
Cashless Strategy
Cashless strategy was also discussed in detail during the action plan that includes ranking the Emirate among the world’s top five cashless cities by 2033.
“The strategy will increase digital transactions across all sectors, contributing AED8 billion to the economy and ensuring that 100% of businesses in Dubai accept digital payments,” Dubai Media Office said.
Preserving the Heritage of Dubai
The Mohammed bin Rashid Library will be in charge of the Dubai National Archives Project, which aims to preserve Dubai’s history and legacy.
Source: Propertynews
