Dubai Municipality has announced that it has completed the distribution of 3,200 residential plots to citizens in Dubai.
This is part of implementing the citizens’ housing programme, a vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, to provide a decent life for citizens and enhance their social and familial stability, and under the directives of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, President of the Dubai Supreme Committee of Development and Welfare of Citizens.
The plots will be fully serviced and will comprise basic and entertainment facilities and parks.
During its first year, the Higher Committee for Development and Citizens Affairs approved the allocation of 11,500 land plots, as well as housing loans worth AED7 billion ($1.91 billion). More than 7,000 Emiratis have benefitted from the scheme.
The citizen housing plan supports the Dubai 2040 Urban Master Plan, which aims to achieve sustainable urban development in the emirate and boost the quality of life in Dubai and its global competitiveness.
Sheikh Mohammed had approved a housing budget of AED65 billion ($17.7 billion) for the next 20 years for citizens in the Emirate of Dubai. The plan includes raising the value of the housing loan to citizens to AED1 million ($270,000) without interest for eligible categories.
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