Mohammed bin Rashid unveils AED3.8 billion Dubai housing strategy
The Vice President, Prime Minister, and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has approved AED3.8 billion worth of housing projects in Dubai.
In the new projects, 2,000 plots of land and 900 ready-made villas will be distributed to Emirati citizens. Additionally, an AED 500 million integrated complex for small families will be built.
As part of UAE’s future plans, Sheikh Mohammed said providing quality housing for the public would remain a priority.
“Today, we approved housing projects in Dubai with a value of AED3.8 billion, including the distribution of 2,000 residential plots, 900 ready-made housing villas, an integrated complex of half a billion dirhams for small families, and a set of services for beneficiaries, including the possibility of government administration building their own homes, exemptions from government fees, and a reduction in monthly installments for housing loans,” Sheikh Mohammed said on Twitter.
“The housing file will remain within our personal follow-up and our goal is to change the shape of residential neighborhoods for citizens in the future to provide the best lifestyle and the best environment for families in the world.”