Dubai Approves Over Dh11 Billion for Future Development Projects
Dubai plans Dh11.59 billion investment in community services and metro extension to Al Maktoum Airport by 2040.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, has sanctioned a comprehensive development plan with a budget exceeding Dh11 billion aimed at enhancing community services and infrastructure through 2040.
The approved budget includes Dh9.59 billion allocated for the development of integrated public services and facilities, and Dh2 billion dedicated to extending the Dubai Metro to Al Maktoum International Airport City. This metro extension will add a 3-kilometre route with two new stations, connecting Route 2020 to the airport city, with operations expected to commence by 2031.
This initiative forms part of Dubai's broader vision to support sustainable growth and improve connectivity. Sheikh Hamdan emphasized the importance of these projects in fostering social cohesion and enhancing the quality of life for residents, stating that the city aims to ensure that the benefits of its expansion are felt across all communities.
The metro extension is a strategic move to reinforce Dubai's status as a global aviation hub. It will link to the West Terminal of Al Maktoum International Airport and integrate with the airport express line and Etihad Rail’s high-speed network, facilitating smoother travel for passengers and airport personnel while alleviating traffic congestion in surrounding areas.
In addition to infrastructure development, The Executive Council approved a study on Dubai’s real estate market and investment policies related to endowments and minors’ funds. The study, conducted by the Dubai Land Department, supports the Dubai Real Estate Sector Strategy 2033, which aims to double the sector’s GDP contribution to Dh73 billion, increase real estate transactions by 70% to reach Dh1 trillion in market value, and double real estate portfolio values to Dh20 billion.
Current occupancy rates are high, with residential properties at 97%, retail at 98%, and offices at 94%. The study forecasts the addition of 365,000 new residential units and approximately 1.1 million square meters of office and retail space by 2030, providing guidance for investment and development to boost project quality and delivery speed.
Sheikh Hamdan also highlighted the significance of managing endowment assets and minors’ funds through the Endowment and Minors’ Trust Foundation in Dubai (Awqaf Dubai), which holds assets valued at Dh13.5 billion as of 2025. He directed efforts to diversify investments and strengthen partnerships with the private sector to ensure sustainable returns and maximize social impact.
The community services development plan will be implemented under the supervision of the Supreme Committee for Urban Planning in coordination with Dubai Municipality. It aligns with the Dubai Social Agenda 33 and the Dubai 2040 Urban Master Plan, prioritizing equitable access to essential services such as safety, healthcare, education, and recreational facilities across residential areas.
The meeting approving these plans was attended by key leaders including Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, and Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai.
What this means for you
- Dubai residents can expect enhanced public services and facilities in their communities as part of the new development plan.
- The Dubai Metro extension to Al Maktoum International Airport City will improve transportation options by 2031.
- Investors in Dubai’s real estate market will benefit from policies supporting sector growth and increased market value.
- Endowment and minors’ funds in Dubai will be managed to ensure sustainable returns and social benefits.