Dubai 2040: What will the dream capital be like in 20 years?

Introduction

In the last sixty years, Dubai has shown an amazing rate of growth and development. While half a century ago only about 40,000 people lived in this emirate, today the population has grown to 3.3 million, indicating a manifold increase. During the same period, the area of built-up areas increased 170 times, and now Dubai is known for its unique architectural sights that attract tourists from all over the world.

Long-term planning

These successes were made possible thanks to the long-term strategic planning that was established many years ago. The seventh development plan has now been implemented. According to this plan, Dubai expects significant new phases of growth over the next twenty years. As part of this approach, new residential areas and the modernization of existing ones are planned, leading to the creation of impressive new spaces that can attract both tourists and permanent residents.

Green spaces

One of the important objectives is to transform Dubai and its surroundings into greener areas, which is especially important in a country where most of it is desert. By 2040, the plan is to double the area of green areas and recreational spaces. Sixty percent of the emirate's total land area is expected to be occupied by nature reserves and agricultural land.

In addition, a system of “green corridors” will be introduced, linking residential areas with educational infrastructure and work centers, which will significantly improve the comfort of moving around the city.

Infrastructure and ecological transport

Creating convenient infrastructure for pedestrians, cyclists and other environmentally friendly modes of transportation is also a priority. This will increase the attractiveness of life in the emirate and improve conditions for business development.

Economy and industrial development

In addition to tourism, which continues to be one of the main sectors of the economy, Dubai also aims to become a significant scientific and industrial center. Under the new plan, the area allocated for hotels and other tourist facilities will increase by 134 percent. The length of public beaches will quadruple, and the area dedicated to commercial activities will reach 168 square kilometers. It is also worth noting the development of its own scientific center - Dubai Silicon Oasis Centre.

Comfortable living conditions

Another important goal of the new plan is to create comfortable living conditions. It is very important that green spaces, shopping centers, recreation areas and other facilities necessary for everyday life are located in close proximity to residential areas. It is predicted that 55% of residents will be able to get to public transport within 800 meters of their homes.

It is expected that the number of permanent residents could increase to 5.8 million, and with recruitment for work, study or recreation, the total number of potential residents in the city could reach 7.8 million.

Education and health care

Education and health care are also not the least important in this plan. The area of facilities in these spheres will be increased by 25%. Thus, Dubai sets itself many ambitious goals aimed at improving the quality of life for both citizens and guests of this amazing city.

Development of Dubai until 2040

As part of Dubai's ambitious 2040 development plan, five major districts of the city are set to be actively transformed. Among them, three are already formed and operational, while two are in the planning stage.

Deira and Bur Dubai

The first area represented is Deira and Bur Dubai, the ancient neighborhoods that form the historical backbone of the city. The history of this area begins long before the oil era began here, which significantly changed the face of the city and the entire country.

The modern buildings in the area look dated, and housing here is relatively affordable compared to Dubai's high standards. Deira attracts many immigrants looking to save money on housing.

As part of the new development plan, a comprehensive renovation of the city's architecture is planned with a focus on preserving cultural and historical heritage. With improved infrastructure, Deira will continue to be popular with tourists and new complexes with modern amenities will be added to the area.

Downtown and Business Bay

The next key area is Downtown and Business Bay, which is the center of business activity in Dubai. It is home to significant architectural landmarks and luxury residential developments, making it one of the most attractive neighborhoods.

In the coming years, Downtown will be a crucial part of the strategy to create a world financial center, where the economy and business will be concentrated internationally. Among the main objects of this area is the famous skyscraperBurj Khalifawhich is a magnet for both tourists and business people from all over the world.

Dubai Marina and Jumeirah Beach Residences (JBR)

Dubai Marina and Jumeirah Beach Residences (JBR) represent one of the most relevant areas for living and vacationing. In the future, these places should become an international tourist center, which will attract even more visitors.

The Dubai government is making great efforts to improve infrastructure and create new attractive offerings for tourists, which will make the area popular among locals and foreign visitors alike.

World Expo 2020

The World Expo will be an equally anticipated eventExpo 2020The project was postponed due to the pandemic until the fall of 2021. This project could have a significant impact on the emirate's economy and awaken demand in the real estate market.

The place where the exhibition will be held will become a platform for various exhibitions and events after its completion, which will make it attractive for local residents and tourists. It is expected that active construction of residential complexes will begin in this area, and it will become an important transportation and tourist hub.

Outlook for the Expo District

Real estate expert Nikita Kuznetsov emphasizes that the future of the Expo district seems very promising. The neighborhood is experiencing significant growth and active development of quality infrastructure.

New apartments, townhouses and villas are planned to be built here, helping to create an ideal living environment.

• Townhousesandvillasare of particular interest to investors because they are in demand by workers in nearby business areas.
• Property costs here are significantly lower than in Dubai Marina, making it more affordable for those looking for reasonable housing options.

Conclusion

Thus, these five neighborhoods will be key factors in the future development of Dubai, allowing it to respond to the demands of the times and the needs of modern society.

General information about the situation on the real estate market

Currently, no new projects are being developed in the area. Most of the objects that were built for the Expo have already found their new owners. Dubai Silicon Oasis, known as Dubai Technopark, is a center that harmoniously combines science, technology and business. This place belongs to the free economic zones of this emirate. The main task of the technopark is to attract ideas and talented specialists from all over the world. At present, new office, industrial and residential complexes are being actively built.

Peculiarities of the investment climate

Nevertheless, the region is not yet of great interest to foreign investors, as it could be, as real estate here is leased for a long term - up to 99 years. Today on the Dubai market you can find apartments with different characteristics.

• For 944,568 euros is available to buy an apartment of 72 square meters in an area that provides excellent living and investment conditions.
• There is also an offer for a home for 488,560 euros with an area of 38 square meters.
• Larger apartments cost 588,516 euros with an area of 70 square meters.

Living by the sea and unique projects

Customers can enjoy unique living conditions in coastal neighborhoods such as Beach Vista, which offers magnificent views of Dubai and the Persian Gulf. This project is scheduled for completion in 2024 and offers flexible payment terms, including the option to pay only 50% of the total cost upon completion. Beach Vista is located in the newest neighborhood being developed by Meraas.

Exquisite design and architectural solutions

In addition, it is important to note that housing in Dubai stands out for its exquisite design and architectural solutions. For example, of interest is the opportunity to purchase an apartment in a unique project Royal Home, the price of which is 1,041,239 euros, and the area reaches 85 square meters. This object is located in the center of Dubai, not far from the famous Burj Khalifa.

The apartments at Opus Residences, designed by world-renowned architect Zaha Hadid, make up a limited collection of only 96 extravagant properties. Horizon Realty offers its clients a variety of properties, including a 65 square meter apartment priced at 520,819 euros.

Additional opportunities and conditions

Additionally, potential buyers have the opportunity to learn more about the details of the offers through representatives of various companies, such as Habita International Estates Ltd.

Unique offer for buyers

An exceptional promotion is waiting for you, which provides for no commission for our clients. All commission costs are borne by the developer. We provide property management services absolutely free of charge. It is possible to execute an interest-free installment plan for up to 7 years, which greatly simplifies the process of buying an apartment. Our team of brokers has impressive experience and is ready to offer full support at every stage of the transaction.

Apartments in Dubai

Pay attention to an apartment in Dubai with a total area of 92 m², priced at € 348,065. This accommodation has two bedrooms and one bathroom. We offer a citizenship process, online viewing and remote transaction with payment in rubles. These unique apartments are located in the newest project Luma 22 in the Jumeirah Village Circle neighborhood. They are ideal for both residential and investment purposes, with an expected return on investment.6,7%in dollars!

All apartments are fully furnished and the neighborhood is very sought after. In addition, it is possible to take advantage ofinterest-free installment plan.

Infrastructure of the complex

The infrastructure of the complex includes:

• picturesque rooftop pool,
• spacious lobby with 24-hour concierge service,
• green gardens for relaxation inside the courtyard,
• a children's playground.

There are also other interesting options in Dubai. For example, you can consider a 153 m² three-bedroom apartment for 477,150 €. For more information, we recommend contacting a Habita representative.

Compact housing options

If you are interested in compact solutions, check out the 38 m² studio for 170,849 €. With the purchase of this apartment you will receive a residence permit. For convenience, there are also online showings and the possibility of a remote transaction with payment in rubles or cryptocurrency. It is interesting to consider a rental option - apartments in the luxury complex 10 Oxford, which is a great proposition for both living and investment.

The convenient location of these apartments, as well as the possibility of interest-free installments makes them more affordable for buyers. Furnishing is available at an additional cost. Residents of this complex will be able to enjoy comfortable conditions that include:

• spacious pool,
• modern gym,
• restaurants,
• security services,
• playground
• steam room and sauna,
• well-maintained green areas for walking.

Unique apartments by the sea

We also present to you a unique 129m² apartment located on the picturesque Persian Gulf with magnificent sea views. It is located in the Anwa development in Dubai Maritime City. This property is suitable for both living and investment with a return on investment.5.5%in dollars. The apartment is equipped with a fully equipped kitchen, and the complex has already been completed.

There are some wonderful amenities provided here as well:

• landscape pool,
• playground and children's pool,
• heated terrace,
• manicured gardens,
• special recreational areas for children.

Luxury villas and cottages

You will also find luxury villas in our portfolio, such as a 724 m² villa in Dubai priced at 5,011,213 € and a 1,550 m² cottage priced at 2,600,000 €. All homes have large floor-to-ceiling windows for excellent light. Each villa or townhouse offers balconies where residents can relax after a hard day, enjoying the magnificent sunsets and the surrounding scenery with flowering gardens.

We also have a four bedroom apartment with a spacious layout that will provide a comfortable living environment.

Real estate in Dubai

In Dubai, located in the United Arab Emirates, there is a great opportunity to buy a studio of 35 square meters at a price of 170,256 euros in the new prestigious project Kyoto by Oro24. This property is of interest not only for those who want to live here permanently, but also for investment purposes, as the yield can reach 10%! The studio has a high demand on the rental market, which makes it a profitable investment.

In addition, the successful location of the apartment provides residents with easy access to the main attractions and important centers of the city. The apartment is finished with quality materials, which allows the new owners to easily settle in and enjoy comfort from the first minutes of living.

Additional suggestions

In addition to studios, Dubai also offers apartments from DDA Real Estate priced at €574,998, with 100m² of space and two bedrooms and bathrooms. Metropolitan Premium Properties showcases a wide selection, including studio apartments of different sizes:

• 38 m² - 190 440 euros
• 31 m² - 137,841 euros

As well as a one-bedroom apartment of 57 m² for 372,861 euros. It is important to mention that the purchase of these properties can also provide the opportunity to obtain a residence permit.

Luxury apartments in Mangrove complex

Another interesting option is the luxury apartments in the new Mangrove complex, which is located near Dubai Creek Harbour. These apartments are ideal for both living and investing, offering yields from 10% in US dollars. Investors have access to a catalog of properties to choose from.

The infrastructure of the area is well developed and interest-free installment options are available. The construction is expected to be completed in the third quarter of 2026. The project includes various amenities such as:

• Shopping center with stores and restaurants
• Coworking spaces
• Recreation areas
• Outdoor theater

Investing in foreignreal estate

If you are thinking about investing in foreignreal estate, it is necessary to take into account the specifics of each area, as the level of profitability depends on it. The new project offers potential investors a great opportunity to identify in advance the most favorable options for investment and contact the developers for detailed information.

Recommendations from experts

Nikita Kuznetsov, CEO of Metropolitan Premium Properties in Dubai, notes that for serious investors, it is recommended to pay attention to new projects located near bodies of water, be it the sea, beaches or canals. For example, the Business Bay area is considered very promising and can rival Dubai Marina in terms of its investment potential.

With the creation of Dubai Canal, the business areas found themselves on an island, which opens up new opportunities for further development.

Major projects in Dubai

Also worth noting are major projects such as Emaar Beachfront, located near Palm Jumeirah, where Dubai Marina expansion is planned, as well as interesting projects in the Creek Harbour area, the historic part of the city, where a new mixed-use zone is planned. This zone will be three times the size of the current Downtown.

So far, 10-12 buildings out of 500 have been completed, a testament to the grandeur and ambitious development plans for the area.

Conclusion

In conclusion, it is worth noting that Dubai continues to amaze the world with its ambitious projects and rapid development. Over the past six decades, this emirate has become not just a place where tourists want to come, but also a center of innovation, business and green technology.

With each new plan, we see the city rethinking its future, taking into account the needs of the population and striving for harmony between urbanization and nature.

Dubai's key achievements and plans

• Infrastructure Development:Increasing green spaces and creating a comfortable living space are not just concepts, but real steps towards improving the quality of life.
• Education and Medicine:Modern educational and medical facilities are being established, providing future generations with knowledge and services that can be relied upon.
• Tourism and Business:Dubai is actively developing the tourism sector, while strengthening its position in science and industry.

It is obvious that this cosmopolitan city is ready for new achievements and reaching new heights.

The future of Dubai

Thus, with each passing year, Dubai is becoming not only an attractive travel destination, but also an ideal place to live and work. We can be optimistic about the future of this incredible city, given its achievements and ambitious plans that are just beginning to materialize.

I hope that in two decades we will see Dubai even greener, more innovative and more livable - a true example for other cities around the world.