Latest: Everything you need to know about Dubai 2040 Urban Master Plan
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, set forward a plan to overhaul the emirate's urban landscape, dramatically increasing community, economic and recreational areas, as well as nature reserves, by 2040.
The goal, he said on Saturday during the launch of the plan, was for Dubai to become the best city to live in for the estimated 5.8 million expected to reside there in 20 years.
Areas for economic and recreational activities will grow by one and a half times, and the length of beaches will increase by 400 per cent over the next 20 years, Sheikh Mohammed said on Twitter, sharing renderings of the proposed plans.
Part of those plans include vast swathes of green areas in the city, with 60 per cent of Dubai to be dedicated to nature reserves.
The emirate will be split into five main urban areas, focusing the main draws of the city to specific zones: Deira / Bur Dubai (city's historical essence), Downtown / Business Bay (global financial hub), Dubai Marina / JBR (tourism and entertainment), Expo 2020 (international gate for exhibitions and events), and Dubai Silicon Oasis (knowledge and innovation centre).
The "people-led" development aims to increase a sense of community across the emirate, designating integrated service centres in each area and improving interconnectivity by ensuring 55 per cent of the population will live within 800 metres of a main public transport station.
Spaces designated for educational and health facilities will increase by 25 per cent and areas for hotels and tourism will rise by 134 per cent.
Images of the master plan showed an area allocated for the emirate's third airport, just outside Dubai Silicon Oasis.
"The goal of the new Dubai urban plan is to plan life in [the city] over the next 20 years," Sheikh Mohammed said.
He said the plan would provide "the best and finest" quality of living for the population.
"And to prepare for the upcoming major demographic and economic developments in Dubai. We ask God to help everyone to serve the country and the people," he said.
Along with the physical plan, an Urban Planning Law was issued to support sustainable development and improvement in the emirate.
Dubai 2040 is the seventh urban plan to be brought into the emirate since 1960, 11 years before the unification of the UAE. Between then and today, the city's population has grown from 40,000 to 3.3 million.
The urban and developed areas of the emirate increased from 3.2 square kilometres to 1,490 sq km.
Under the plan, old districts will be revitalised and designated as Emirati housing.
Hatta, an area of Dubai in the eastern part of the country, is also included in Dubai 2040, with plans for a sustainable hydro-electric power plant and increasing tourism and agriculture contribution to the region's GDP by 32 per cent.
At least 78 per cent Hatta will be designated as conservation reserves, as the population is expected to double by 2040.
The plan was initially announced in October last year, with Sheikh Mohammed saying Dubai would create a dozen new beaches and 8 million square metres of green spaces at a cost of more than Dh2.5 billion ($680 million)
The 29 projects include more spaces for swimming, better running paths and longer cycling lanes
“We also approved the development of 12 kilometres of Dubai's beaches, that cover 1 million square meters, from Mamzar Beach to Umm Suqeim II,” Sheikh Mohammed said at the time.
The beach projects were being developed at a cost of Dh500m.
The project aims to revitalise the beachfront and increase swimming areas, reported state news agency Wam.
Dedicated areas for water activities and jogging and cycling tracks will be provided as part of the overall plan to promote a fitness culture and healthy lifestyle among the city’s residents.
Proposed projects under the 2040 Dubai plan
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Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
Other key dates
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Finals draw: December 2
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Finals (including semi-finals and third-placed game): June 5–9, 2019
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Euro 2020 play-off draw: November 22, 2019
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Euro 2020 play-offs: March 26–31, 2020
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The biog
Name: Sarah Al Senaani
Age: 35
Martial status: Married with three children - aged 8, 6 and 2
Education: Masters of arts in cultural communication and tourism
Favourite movie: Captain Corelli’s Mandolin
Favourite hobbies: Art and horseback ridding
Occupation: Communication specialist at a government agency and the owner of Atelier
Favourite cuisine: Definitely Emirati - harees is my favourite dish
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The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
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Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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