This article investigates specific features of urban land management. Urban land management is ac-quiring particular importance, since the major focus of urban development consists in satisfying the needs of city residents. To this end, governments aim to address the problems of forming and manag-ing cities and city resources, including lands. We argue that urban lands are valuable territorial spaces that are actively involved in investment and construction processes. In this regard, city development priorities should rely on effective management of existing land resources, which have a great potential for increasing the investment attractiveness of urban territories. A number of suggestions are pro-posed to solve these tasks. It is concluded that an integral system of land management can only be formed at the state level. This requires a mechanism describing an expected economic impact, which is aimed at fulfilling state obligations in the field of land policy, creating social guarantees, ensuring the rights of land subjects, and improving the environmental situation. As a result, the competent use of land resources will contribute to overcoming crisis social phenomena, ensuring sustainable economic growth and improving the life quality of urban population on the basis of increasing the territorial value.