Dubai approves 48-centre urban plan worth over AED 2 billion, targeting 74% of residents near metro stations

Dubai's Executive Council approved on Tuesday an Urban Centres Development Plan with a budget exceeding AED 2 billion ($545 million), covering six main urban centres and 42 supporting sub-centres, 48 centres in total accounting for about 12% of Dubai's urban area. The meeting was chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, according to a Dubai Media Office statement.

Concentrating people and jobs around transit

The plan focuses on three priorities: quality of life, economic returns, and infrastructure efficiency and cost, by concentrating population and jobs around mass transit stations, diversifying land use and bringing homes closer to workplaces. Dubai aims to raise the proportion of residents living around metro stations from 52% to 74% and public services coverage from 74% to 85%, improving access to essential services and public transport.

Property values expected to rise AED 20 billion by 2040

The plan is expected to increase real estate values in the targeted centres by AED 20 billion ($5.5 billion) by 2040. Implementation will be overseen by the Supreme Committee for Urban Planning and Dubai Municipality in coordination with relevant government entities.