HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved an innovative water drainage project. Named Tasreef, the 30-billion-dirham project is the largest single-system rainwater harvesting project in the region.
Capacity boost of 700%
With the approval of Tasreef, Dubai is set to enhance its readiness to efficiently deal with potential flooding due to excessive rains in the future.
The project will boost the emirate’s rainwater drainage capacity by 700%.
Designed for next 100 years
The visionary project will cover all areas of Dubai, and will have solid infrastructure to manage more than 20 million cubic meters of water daily. The project is designed to handle rainwater management for the next 100 years.
Boosting Dubai property market
Significantly, the Tasreef project will enhance Dubai’s status as a top real estate investment destination. Advanced rainwater management is crucial as heavy rains and flooding can disrupt normal life. The project is sure to boost the confidence of international investors and buyers in Dubai’s property market.
Invest in Dubai real estate
Situated strategically at the crossroads of Europe, Asia, and Africa, Dubai serves as a pivotal hub for global trade and commerce. The city boasts a business-friendly environment and favorable tax policies.
Infrastructure in Dubai is world-class, featuring advanced airports, telecommunications, and a robust logistics network, facilitating seamless connectivity for regional and international businesses. Economic stability and social security are other key factors. Real estate investors and buyers can also secure the highly beneficial long-term residency visa—the UAE Golden Visa.
Beyond business, Dubai offers a vibrant lifestyle with cultural richness, luxury shopping, and top-notch hospitality, bolstering its allure for investors. Additionally, the presence of numerous free zones with attractive incentives underscores Dubai’s commitment to fostering a conducive environment for global investment.
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