Housing projects in Dubai worth AED3.8 billion ($1bn) have been approved by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of the emirate.
As part of the new projects, 2,000 plots of land will be distributed to Emirati citizens together with 900 ready-made villas. The projects also include an AED500 million integrated complex for small families.
Sheikh Mohammed said providing quality housing for the public remained key to the UAE’s future plans.
“Today, we approved housing projects in Dubai with a value of AED3.8bn ($1bn), including the distribution of 2,000 residential plots, 900 ready-made housing villas, an integrated complex of half a billion dirhams for small families, and a set of services for beneficiaries, including the possibility of government administration building their own homes, exemptions from government fees, and a reduction in monthly instalments for housing loans,” Sheikh Mohammed said on Twitter.
“The housing file will remain within our personal follow-up and our goal is to change the shape of residential neighbourhoods for citizens in the future to provide the best lifestyle and the best environment for families in the world.”
Follow us on
