The plan dictates that areas for hotels and other tourism activities will increase by 134 percent, spelling opportunity for hoteliers, restaurateurs, and other businesses in the sector.
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Simple steps to buy a home successfully
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Consider your finance options, and then choose the best one available
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Make an offer with some wiggle room for negotiation
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Which other tips do you recommend when buying a home?
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Beyond big infrastructure investments, the Dubai 2040 Urban Master Plan will also encompass the enhancement of services in the city. For instance, the space allocated to educational and health facilities will increase by 25 percent. On the one hand, this will mean more spaces dedicated to healthcare and wellbeing, including hospitals and clinics for specialised services, opening the door to further investment and development in this area. An increased allocation for educational spaces will also mean more opportunities for schools and universities that want to expand into this region with a new campus.
The tourism sector is also bound to see increased growth. The plan dictates that areas for hotels and other tourism activities will increase by 134 percent, spelling opportunity for hoteliers, restaurateurs, and other businesses in the sector. Events like the Expo 2020 Dubai and the Qatar World Cup are already showing Dubai’s potential as a massive tourist destination, and this is only poised to grow.
For those interested in investing in this growth, off-plan projects in Dubai offer a great opportunity. These projects, which are sold before they're fully constructed, often come with attractive payment plans and the potential for high returns.
There are many reasons to invest in Dubai's real estate market, from the city's strategic location and robust economy to its safe environment and high standard of living. With the city's population set to double by 2040, the demand for real estate is only expected to increase.
In conclusion, the Dubai 2040 Urban Master Plan presents a multitude of opportunities for businesses and investors. Whether it's in healthcare, education, tourism, or real estate, there's potential for significant growth and return on investment.
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