Eyes on Dubai: The Real Estate Sector Is Reaching New Heights!
Dubai is not called the land of opportunities for nothing. With a booming economy, a gregarious society and robust sectors, it has become a prime example for countries and nations looking to venture to the pinnacle of transformation. A landmark of ingenuity and greatness, the governing body of this particular emirate is continuously searching for the best solutions and practices to employ to keep the Dubai emirate’s name alive.
On Thursday May 19, 2022, Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, and Sheikh Maktoum bin Mohammed, the Deputy Ruler of Dubai, reviewed the comprehensive restructuring plans for Dubai Municipality (DM) and the Dubai Land Department (DLD) to propel real estate investments forward and nurture public-private partnerships.
The new plans are set to capitalise efforts to produce lucrative opportunities for businesses and investors, which are worth 10 billion AED. This new plans will ultimately enhance operations within the sector by an estimated 20% along with governance, transparency and security.
Under the directions of His Highness Sheikh Hamdan, the emirate has witnessed an outstanding influx of investors and residents, who have basked in the never-ending possibilities it continues to offer. And as we embark on this new phase, businesses, investors and all those who have an eye on Dubai will be excited to learn more about the new business opportunities unlocked in partnership with the private sector.
Keeping pace with the ever-evolving global landscape, His Highness expressed that the new plan ‘seeks to raise the emirate’s ranking in various global indicators including environmental sustainability, food security, healthcare, and real estate investment.’
And with neighbouring countries in the region exploring their own take on development through large scale projects, this new initiative undertaken by Dubai will solidify the United Arab Emirates roots in the region, ensuring that the UAE keeps pace in terms of its own offerings.
If you’ve heard enough about Dubai and are ready to reap those benefits we’ve told you so much about, then Benial has got your back! Reach out to one of our consultants on email@example.com, and let’s get ready to plan your next big venture in the capital of ingenuity and transformation!