UAE launches $408m scheme for 10,000 Emirati homes

Project will be completed in 2017 and will include different models of homes

HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.

HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.

HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs has approved contracts for phase one of a project to build and renovate 10,000 houses for the UAE citizens, at a cost of AED1.5bn ($408m).

Sheikh Mansour said the vital project reflects President Sheikh Khalifa bin Zayed Al Nahyan's keenness to provide decent living standards and prosperity to the people of the UAE, the WAM news agency reported.

The scheme will be overseen by the Follow-up Committee of Initiatives of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan and the homes will be awarded based on “the lifestyle of the Emirati families, functionality, comfort and privacy,” the report said.

The project is scheduled for completion by the end of 2017 and the project features mixed-use housing complexes, each containing 100 villas and associated facilities.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Kuwait's anti-austerity lawmakers threaten reform plans

Kuwait's anti-austerity lawmakers threaten reform plans

New lawmakers say they are determined to protect basic services...

Power to the people in Saudi Arabia

Power to the people in Saudi Arabia

As Saudi Arabia fights to control surging electricity demand...

RAK to the future: Forging a reputation on the global business stage

RAK to the future: Forging a reputation on the global business stage

Ras Al Khaimah, the UAE’s second-smallest emirate, is quietly...

Most Discussed
sponsoredTracking