Al Zarouni: 10 positive benefits for the real estate sector from the "Dubai Plan 2040"
The adoption of the new plan confirms Dubai's global leadership.
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The Chairman of the Board of Directors of "W Capital Real Estate Brokerage", Walid Al Zarouni, confirmed that the real estate sector in the Emirate of Dubai will be the most prominent beneficiaries of the "Dubai Urban Plan 2040", through 10 benefits that the sector will reap from behind this plan, including: Creating new central areas, Infrastructure development, quality of life support, higher level of real estate momentum, attracting real estate investors, increasing demand for residential and commercial properties, increasing liquidity flows, accelerating the launch of new projects, growing real estate assets in service, and shaping the future of the real estate industry.
Al-Zarouni said: “The adoption of the new plan confirms Dubai World’s leadership and continued growth despite the great challenges that countries face, which contributes to reducing infrastructure costs, increasing real estate development incentives, supporting Dubai’s location as a leading destination for real estate investment, and shedding light on the sector. Local real estate that is characterized by continuous development and creativity ».
He added that "the plan comes as a strong push that is pouring into the real estate sector and the parties associated with it, which provides great real estate opportunities for development, which extend in the length and breadth of Dubai, especially in the new areas."
The establishment of new central areas, included in the Dubai Urban Plan 2040, bears a strong revival of the real estate sector, especially with the start of the construction of large residential complexes similar to large cities and their suburbs, such as London and Paris, and it is expected that the emirate will witness the construction of central areas similar to the downtown area of Dubai. Or, or what is known as “Downtown Dubai,” in the number of four to five regions, and the creation of new urban communities is generally reflected positively on the construction sector and the real estate sector.
The interest in infrastructure facilities, in all its divisions and optimally exploiting them, provides more opportunities in all sectors, but the real estate sector is most benefited from the development and quality of the infrastructure, which is a major reason for choosing the real estate area, and it also plays an important role in attracting foreign investments, and providing Job opportunities and a high-end and comfortable lifestyle.
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