Dubai approves new policy to build more affordable homes

Dubai Crown Prince Sheikh Hamdan eyes tie-ups with developers to renovate older parts of the city

Nshama's Town Square project in Dubai is offering thousands of new affordable homes.

Nshama's Town Square project in Dubai is offering thousands of new affordable homes.

Dubai Crown Prince Sheikh Hamdan bin Mohammad bin Rashid Al Maktoum has approved a new housing policy aimed at providing homes for low-income working people and renovate some old areas in the city.

The policy will classify low-income people into Emiratis and non-Emiratis, including expats and workers, in strategic sectors in Dubai.

It will also include families’ income levels, place of residence, and public benefits and will compare them with requirements at the time and the extent of challenges families are facing.

A statement said the new policy will cooperate with real estate developers to provide more housing units for low-income families while also refurbishing some old areas in Dubai.

Dubai, which has built a reputation for focusing on the more luxury end of the market, is increasingly seeing a rise in the number of affordable homes as developers seek to attract more mid-income buyers.

At a Dubai Executive Council meeting, Sheikh Hamdan also directed setting up a Social Responsibility Work Team, which will include a number of businessmen and relevant public bodies. It aims to coordinate and advance all types of community work in Dubai, consider social needs and categories and dedicate initiatives and programmes for the nation’s martyrs.

He said that voluntary programmes and social responsibility initiatives have always been a top priority for Dubai government. “We all have a shared responsibility to spread happiness among all members of the society through providing them and their families with decent lives. Our ambitions in Dubai have no end and every new project we announce represent the fruit of hard work made by various work teams,” he added.

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