Sheikh Hamdan Reveals Significant New Plans to Revolutionize the City’s Transportation, Education, and Real Estate
Dubai has unveiled bold new plans to transform the real estate, education, transportation, and other sectors over the next ten years.
Among these ambitious plans are the construction of a new 65-kilometer transportation network connecting Umm Suqeim Street, Al Khor, and Zabeel; a redesign of the educational system; and AED 1 trillion ($272 billion) in real estate transactions.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, the UAE Defense Minister, the Deputy Prime Minister, and the Chairman of the Executive Council of Dubai, has approved several new plans to bolster Dubai’s leadership in various areas over the next decade.
Dubai Announces Real Estate and Education Strategies
Among the primary plans that have been approved by the Executive Council are the Education Strategy 2033 and the Real Estate Strategy 2033. By 2033, both of them aim to increase the value of real estate deals in Dubai to AED 1 trillion ($272 billion).
The preservation of the emirate’s rich history, modernization of Dubai’s transportation infrastructure, and cashless city living were the primary objectives of three other plans that were also approved.
Under the vision of Sheikh Mohammed bin Rashid Al Maktoum, the prime minister, vice president, and ruler of Dubai, Sheikh Hamdan emphasized that people are at the heart of Dubai’s development.
Dubai continues on its path to become the best place in the world to live, invest, and pursue lifelong learning while upholding family values and improving living standards everywhere.
Education Strategy 2033
The Education Strategy 2033 aims to transform the educational system and ensure that everyone has access to high-quality education by promoting capacity-building and raising the bar for learning at 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.”
As part of this plan, Dubai will invest in a progressive educational system that places an emphasis on teachers and students continuing on a path of innovation, development, and adaptability to change.
Real Estate Strategy 2033
The Real Estate Strategy 2033 was approved in support of the Dubai Economic Agenda D33 with the goal of increasing real estate transactions to AED 1 trillion by 2033 and the sector’s contribution to Dubai’s economy.
This plan also aims to promote home ownership, improve family stability, and increase Dubai’s competitiveness in the global real estate market.
Key Focus Areas: Real Estate, Transport, and Cashless Society
By 20 times the value of real estate portfolios, or AED 20 billion ($5.4 billion), the Real Estate Strategy wants to increase Dubai’s GDP by AED 73 billion ($20 billion).
The recently approved 65km Suspended Transport Systems Project is part of Dubai’s Smart Mobility Strategy and is expected to be finished by 2030. With this system, public transportation will account for 26% of all travel by 2030.
With all businesses accepting digital payments and bringing in AED 8 billion ($2.2 billion) annually, Dubai’s Cashless Strategy aims to place the city among the top five cashless cities globally by 2033.
National Archives Project
The Mohammed bin Rashid Library is in charge of the National Archives Project, which aims to preserve and transmit Dubai’s history and cultural heritage to future generations. By documenting the emirate’s accomplishments, this project will help Dubai’s social and economic goals and establish it as one of the world’s most prosperous cities by 2033.
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