Dubai plans to curb luxury projects
01 December 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 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 the projected population increases by 2020, he added.
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