Dubai's Ruler has set out the next stage of the city's 2040 Urban Master Plan, with new housing and easier commuting among the top priorities.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, detailed phase two of the long-term strategy.
The master plan calls for developing a '20-minute city' - allowing residents access to 80 per cent of their daily needs and destinations within 20 minutes on foot or by bicycle.
There are further plans to grow food within the city limits. The government has already invested in companies using vertical farming to create produce.
“Today, we have a clear vision for the development of Dubai’s urban infrastructure and housing sector until 2040," Sheikh Mohammed said in a news release.
"Our goal is for Dubai to be an eco- and pedestrian-friendly city, and a city with a high yield from urban agriculture.”
New housing
The plan would ensure that supply meets demand in the property sector, at a time of soaring rental prices and a sales boom.
A September report showed the average annual rent for a villa in Dubai reached Dh268,758 ($73,171) last month after prices jumped 26 per cent year-on-year, , while average apartment rents soared 27 per cent to Dh89,986.
"It calls for proactive initiatives to manage opportunities and changes in the real estate market, achieve sustainable urban development, and boost investor confidence," a statement from Dubai Media Office added.
The first phase of the plan, unveiled last year, includes major new housing developments in Dubai South, around the Expo City site and Dubai World Cental airport, and in Silicon Oasis, a business park and residential area to the south-east of Dubai airport.
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