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Source: Travel Daily
Published on 10/02/2024

Dubai Announces Transformative Plans for Real Estate, Education, and Transport

$272bn Real Estate Target and Cashless Society Vision

Dubai has implemented major strategies to transform its real estate, education, and transport sectors. The city is targeting AED 1 trillion ($272bn) in real estate transactions by 2033. Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, approved these initiatives to modernize education and achieve a cashless society.

The Education Strategy 2033 focuses on building a future-focused education system. Sheikh Hamdan emphasized empowering the next generation with lifelong learning, rooted in Emirati values.

Dubai’s new 65km transport system will connect key areas and is part of the city’s Smart Mobility Strategy, aiming to automate 25% of trips by 2030.

Cashless City by 2033

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Another key goal is to transform Dubai into one of the top five cashless cities in the world by 2033. This Dubai Cashless Strategy will increase digital transactions across all sectors, contributing AED 8bn ($2.2bn) to the economy. By 2033, 100% of businesses in the city are expected to accept digital payments.

These strategies form part of the Dubai Economic Agenda D33 and the Social Agenda 33, which collectively aim to elevate Dubai’s global competitiveness and enhance the quality of life for its residents.


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1-Arab banking sector (arabian bsuiness)