Dubai officials announce new land rules for 2020

03/10/2011 - Dubai Property News Posted by Bob Brunskill
Dubai officials announce new land rules for 2020

Dubai officials have announced plans to clearly define land use in the emirate, a plan that they hope to implement in 2020.In news that could interest property investors in the area, ministers are going to determine where land is used for residential land-rises and commercial outlets.Director-general of Dubai Municipality Hussain Nasser Lootah told Emirates 24-7 that ministers now know what the requirement for these lands is and "how we need to develop it".He added that government organisations and private developers are leading the project."This masterplan has taken all the aspects - residential, industrial, commercial, schools, hospital and even infrastructure - into consideration," he explained."We have taken it to the Executive Council and they approved it."Meanwhile, Dubai Properties Group has unveiled plans for a new retail offering at Business Bay and will feature restaurants, shops and other sporting facilities.Khalid Al Malik, group chief executive officer of Dubai Properties Group, said: "We are focused on creating communities that provide a high quality environment for our residents and commercial partners."