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From Real Estate History

29 October

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2 Historical Event found for 29 October
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29 October 1988

Islamabad Master Plan Revision Approved

Islamabad Master Plan Revision Approved

On October 29, 1988, the Government of Pakistan approved a significant revision to Islamabad’s Master Plan, marking a major milestone in the city’s urban development history. The updated plan expanded Islamabad’s development boundaries and introduced modern zoning regulations to accommodate the capital’s rapidly growing population and real estate demand. It designated new sectors for residential, commercial, and institutional purposes while maintaining the city’s original green identity and environmental balance. The revision reflected a forward-thinking approach to urban growth, blending modernization with sustainability and order. By incorporating contemporary planning concepts, infrastructure development guidelines, and environmental safeguards, the plan ensured that Islamabad’s expansion would remain organized, livable, and ecologically responsible. This framework not only guided the city’s structured growth for decades but also set new standards for urban planning across Pakistan. The 1988 revision became a blueprint for balancing progress with preservation, influencing future master plans and shaping the evolution of Islamabad into one of the most carefully planned capitals in the region.

▪ Reference(s):

Capital Development Authority, Islamabad Planning Documents
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2

29 October 2004

Burj Khalifa Construction Begins in Dubai

Burj Khalifa Construction Begins in Dubai

On October 29, 2004, construction began on Dubai's Burj Khalifa, transforming global real estate perceptions and establishing the Middle East as a major property development hub. The world's tallest building project generated unprecedented demand for luxury properties in surrounding areas and set new standards for high-rise construction internationally. This mega-project demonstrated how architectural ambition could drive regional economic growth and property value appreciation, while establishing Dubai as a global luxury real estate destination. The development catalyzed billions in additional property investments throughout the region and inspired similar ambitious projects worldwide.

▪ Reference(s):

Dubai Development Authority, International Construction Reports
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4

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