H.H. Sheikh Mohammed bin Rashid Approves $2.7BN Master Plan for Expo City Dubai

October 04, 2024

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Dubai Market Trends & News

Dubai’s journey as a global hub of innovation, sustainability, and economic growth continues with the approval of a new master plan for Expo City Dubai, which is worth $2.7 billion. Announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, this ambitious plan aims to create a thriving community and business hub that will shape the future of the emirate. With capacity for over 75,000 people, the new Expo City is poised to play a vital role in the future development of Dubai, building on the legacy of Expo 2020 Dubai. Here’s everything we know so far about the ground-breaking initiative.

The Blueprint for the Future: Expo City Dubai’s New Master Plan

Spanning 3.5 sq. m., and divided into five key districts, Expo City Dubai is designed to accommodate 35,000 residents and 40,000 professionals. This master plan outlines an urban landscape that fosters innovation, sustainability and growth, with a clear emphasis on creating a futuristic city. The development will include:

  • Expo Hills: A low-density residential area located in the north, offering peaceful, community-driven lifestyle.
  • Expo Fields: Situated to the south, this district will promote healthy living through amenities such as sports fields and open spaces for recreational activities.
  • Expo Business: This district will provide a campus-like environment, designed to attract leading-edge businesses, entrepreneurs and startups.
  • Expo Downtown: Stretching from the Dubai Metro station to the eastern edge of the site, this area will feature the iconic Al Wasl Dome and the floating Terra Gardens and Terra Tower, providing a bustling urban atmosphere with commercial, residential and cultural spaces.
  • Expo Forest: Linking the development to Expo Valley, this area will focus on educational spaces, social amenities and recreation.

Additionally, the new Expo City International Exhibition Centre is set to be developed at a cost of AED 10 billion, alongside the relocation of DP World’s global headquarters to this prime location.

A Vital Step towards Dubai’s 2040 Vision

The master plan aligns with Dubai's broader 2040 Urban Master Plan, which outlines the development of five key urban centers across the city. Expo City Dubai is positioned to become a key player in realizing this vision, contributing to the ambitious goals of the Dubai Economic Agenda (D33), which aims to position Dubai as one of the world’s top global cities.

H.H. Sheikh Mohammed bin Rashid Approves $2.7BN Master Plan for Expo City Dubai

Strategic Importance for Dubai South and Beyond

The master plan also has significant implications for the development of the Dubai South region, which continues to grow as a strategic area for investment. Its proximity to major transportation and logistics hubs, such as Jebel Ali Port and Al Maktoum International Airport, offers investors unique opportunities to benefit from Dubai’s expanding economic agenda.

About the Vibrant Community of Expo City

Expo City Dubai, strategically located in Dubai South, is a thriving hub known for its eco-friendly infrastructure and proximity to key landmarks like Al Maktoum International Airport and major highways. The community offers state-of-the-art amenities, including vast green spaces, cycling and running tracks, children’s playgrounds, and advanced business facilities. 

With the recent initiative under the visionary master plan, Expo City is poised for significant growth, making its off-plan properties an excellent investment opportunity. These developments feature modern townhouses, villas, and apartments, blending luxury living with sustainability, ideal for long-term returns.

FAQs

The new master plan for Expo City Dubai is approved by H.H Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. It aims to transform the city into a hub for residents, businesses and innovation.

Expo City Dubai master plan will play a crucial role in Dubai’s economic growth by aligning with the Dubai Economic Agenda (D33) and the 2040 Urban Master Plan. 

Expo City Dubai offers a variety of facilities designed to enhance the quality of life for residents and businesses. These include low-density residential areas, business hubs with campus-like environments, schools, sports fields, recreational areas and cultural landmarks like the iconic Al Wasl Dome. The smart transportation system and network of green and blue spaces will further improve livability and sustainability within the city.

For more information, get in touch with us at Provident