As urbanized areas continue to expand rapidly across all continents, the United Nations adopted in 2015 the Sustainable Development Goal (SDG) 11, aimed at shaping a sustainable future for city dwellers. Earth Observation (EO) satellite data can provide at a fine scale, essential urban land use information for computing SDG 11 indicators in order to complement or even replace inaccurate or invalid existing spatial datasets. This study proposes an EO-based approach for extracting large scale information regarding urban open spaces (UOS) and land allocated to streets (LAS) at the city level, for calculating SDG indicator 11.7.1. The research workflow was developed over the Athens metropolitan area in Greece using deep learning classification models for processing PlanetScope and Sentinel-1 imagery, employing freely-available cloud environments offered by Google. The LAS model exhibited satisfactory results while the best experiment performance for mapping UOS, considering both PlanetScope and Sentinel-1 data, yielded high commission errors, however, the cross-validation analysis with the UOS area of OpenStreetMap exhibited a total overlap of 67.38%, suggesting that our workflow is suitable for creating a “potential” UOS layer. The methodology developed herein can serve as a roadmap for the calculation of indicator 11.7.1 through national statistical offices when spatial data are absent or unreliable.