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Sat 5 Oct 2019 03:12 PM

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UAE approves $111m worth of housing assistance applications

Sheikh Zayed Housing Programme is currently managing the construction of three housing projects

UAE approves $111m worth of housing assistance applications
Image for illustrative purposes only. Boats sit at moorings in the harbor area at the Dubai Marina development in Dubai United Arab Emirates on Sunday Dec 11 2011. Photographer Gabriela MajBloomberg

The UAE’s Sheikh Zayed Housing Programme has approved 522 housing assistance applications for Emirati citizens, including housing loan and grants valued at AED410 million ($111 million), according to the WAM news agency.

Commenting on the decision, Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Board of Directors of the Sheikh Zayed Housing Programme, said: "We in the UAE are keen to ensure social cohesion through the initiatives implemented by the programme [Sheikh Zayed Housing Programme] in cooperation with housing institutions around the UAE."

"In addition", he added, "the housing compounds being built are in accordance with the highest sustainability standards, and are testament to the quality offered by the government to its citizens to ensure them a dignified and safe life."

The programme is currently managing the construction of three residential districts. The first is Ajman's Al Montazi complex, containing 761 homes valued at AED1 billion, which is expected to be delivered next year. 

Dubai's Tolerance Village, comprising 341 residences, is due for completion next year and the Bateen Al Samar Residential District in Ras Al Khaimah consists of 888 residences.

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