Dubai announced a comprehensive master plan on Tuesday, outlining its vision for preserving the city’s cultural heritage while advancing key sectors such as transportation, real estate, and education over the next decade.
Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defense, introduced the ambitious strategy. The Executive Council of Dubai, under Sheikh Hamdan’s leadership, approved a series of initiatives aimed at securing the long-term economic and social growth of the emirate. These actions form part of the broader “Dubai Plan 2033” and “Dubai Social Agenda 33,” both of which are designed to position Dubai as a premier destination for living, studying, and investing.
Transforming the Education Sector of Dubai
A central focus of this strategic initiative is education. Sheikh Hamdan emphasized the importance of the “Education Strategy 2033” in equipping educators and students with the tools necessary to enhance learning outcomes and prepare the next generation of leaders.
“Today, we approved the Education Strategy 2033 under the Dubai Social Agenda 33, targeting a significant shift in our education system,” said Sheikh Hamdan, as reported by the Dubai Media Office.
Under the vision of Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, Dubai’s education model has evolved into a pioneering global system. The new strategy seeks to build upon this foundation by offering a more advanced educational structure that prepares students to navigate future challenges.
The initiative encompasses all educational stages, from early childhood to higher education, with a strong emphasis on career counseling and positioning UAE students to compete for admission to top universities. Additionally, the plan includes vocational education options accredited globally. The strategy was developed in collaboration with teachers, parents, and educational administrators to ensure a holistic approach.
Boosting the Real Estate Sector in Dubai
The “Real Estate Strategy 2033” is another pillar of Dubai’s development plan, aiming to double the real estate sector’s contribution to the economy. The goal is to achieve real estate transactions worth Dh1 trillion ($227.2 billion) by 2033.
Sheikh Hamdan noted that this strategy would not only enhance Dubai’s competitiveness but also promote homeownership to strengthen family stability. The initiative targets a 20-fold increase in the value of Dubai’s real estate portfolios, aiming for Dh20 billion, and a 70% rise in real estate transactions.
The strategy will contribute Dh73 billion to Dubai’s GDP, attract international investment, and solidify Dubai’s status as a leading global financial hub. The plan also includes improving market transparency, utilizing data for better forecasting, and integrating artificial intelligence. The focus on sustainability and community development seeks to increase homeownership rates to 33%.
Pioneering Digital Economy: Cashless Strategy
Another major development is the “Dubai Cashless Strategy,” which seeks to position the city among the top five cashless cities globally by 2033. According to Dubai Media Office, this initiative will significantly expand digital transactions across all sectors, contributing AED 8 billion to the economy. By 2033, 100% of businesses in Dubai are expected to accept digital payments, boosting the digital economy’s reach.
Advancing Transportation with Smart Mobility
Transportation innovation is also a core component of Dubai’s strategic vision. The “Smart Mobility Strategy” focuses on the Suspended Transport Systems Project, which aims to connect Umm Suqeim Street, Al Khor, and Zabeel via a 65-kilometer automated transport system by 2030. This will integrate with other transportation methods, ensuring that 26% of all trips in Dubai involve public transportation by that year. The initiative emphasizes efficiency and sustainability in moving people across the emirate.
Preserving Dubai’s Heritage: National Archives
In a bid to preserve the city’s history and cultural legacy, the Dubai National Archives Project will be managed by the Mohammed bin Rashid Library. This initiative will document and safeguard the emirate’s official records, achievements, and historical narratives, ensuring that Dubai’s rich history is preserved for future generations.
This multi-faceted plan demonstrates Dubai’s commitment to becoming a global leader in innovation, sustainability, and economic prosperity, all while maintaining its cultural heritage.
Published On: October 3, 2024
Source: https://www.propertynews.ae/uae/sheikh-hamdan-unveils-strategic-action-plan-for-transforming-education-transportation-and-real-estate-in-dubai/
