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

  • Share via facebook
  • Tweet this
  • Bookmark and Share
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!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Breakdown in talks between Athens and its creditors plunged the...

Inside Abu Dhabi's thought laboratory

Inside Abu Dhabi's thought laboratory

A government-backed scheme in Abu Dhabi aims to kick-start the...

Gulf states get more assertive as Iran closes in on nuclear deal

Gulf states get more assertive as Iran closes in on nuclear deal

Biggest concern is what they see as Shi'ite Iran's regional expansionism...

Most Discussed