Tuesday 23 April 2024
 
»
 
»
Story

Dubai move ....to restrict the 'uncalculated
expansion' of luxury buildings.

Dubai mulls new law to curb luxury projects

DUBAI, November 24, 2014

Dubai Municipality is planning a new law under which all property developers must build a specific number of homes for mixed-income residents in the UAE emirate, said a report.

The law will aim to restrict the “uncalculated expansion” of luxury buildings in the emirate, reported The National citing a senior Dubai Municipality official.

As a result, up to 20 per cent of the residential land set out in the Dubai Urban Plan 2020, about 6,785 hectares, must be made available for homes for lower and mixed-income residents, stated Abdullah Rafie, assistant director-general of planning and engineering at Dubai Municipality.

The plan has been devised mainly to alleviate traffic jams on entry roads to the emirate, which are expected to worsen in the future as part of projected population increases by 2020, he added.




Tags: Dubai | luxury project |

More Construction & Real Estate Stories

calendarCalendar of Events

Ads