Dubai issued a new building code that streamlines building rules and helps cut construction costs, Dubai Media Office said in a statement late on Wednesday. The emirate's Executive Council approved a code that outlines a revised set of construction rules and standards. It also created a unified set of standards for construction that promotes sustainable development and innovation in building design. The code further creates a "one-stop-shop for obtaining approval from Dubai’s licensing agencies and departments", easing the process for constructors, investors and owners. "Ensuring the well-being of the public is one of the primary objectives of Dubai’s development strategy," Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, said. "By maintaining high levels of service efficiency and excellence, we seek to raise the welfare of Dubai’s citizens and residents, who are partners in the emirate’s development journey. Having this goal inspires us to be innovative and creative in developing services and initiatives that can create a better future.” The new building code will also help in speeding up the design phase of construction projects, Dubai Media Office said. Investors can ensure compliance with all design requirements without checking with various departments individually. "The Dubai Building Code will enhance Dubai’s international investment attractiveness and promote diversification of projects in the emirate’s construction sector," the statement added.