Dubai: In line with the Dubai Government’s ambitions to become the best city for work and life in the world, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has approved a new $1.72 billion worth housing package for UAE citizens in the Emirate.
The fresh allotment for housing and land made for 4,610 Emiratis in the city, on the occasion of Eid al-Fitr and as part of the Housing Program for Dubai Citizens, which strived to continue its intensive efforts to carry out the development and urban strategy of the Emirate of Dubai.
1110 houses in Al Khawaneej 2, and 3,500 plots in Umm Nahad 4 and Al Aweer are included as part of the current housing plan.
The initiative reflects Sheikh Mohammed bin Rashid’s keenness to support Emiratis, to improve family stability, and to provide a decent life for them, in accordance with the social welfare system and quality of life that the UAE is committed to, while laying its foundations and enhancing its components for its citizens.
Speaking on the occasion, Sheikh Mohammed bin Rashid highlighted that the housing programs and social services projects is a government priority that aims at meeting the needs of Emiratis and their families.
Today, we directed the allocation of 4,610 housing and residential plots at a cost of AED6.3 billion ($1.72 billion) as part of the housing project for UAE citizens in Dubai, which is a file that I am directly following-up on due to its importance to us, and we will continue to develop it to meet the requirements and needs of every family in the emirate.
His Highness Sheikh Mohammed bin Rashid Al Maktoum updated about the initiative.
The Ruler of Dubai stressed that, “A decent life for Emiratis is the utmost goal for which all government departments and authorities are working for. We are keen to provide full social support that guarantees a decent life for UAE citizens and their families.”
“The housing file is a priority, and providing a decent life is a right for Emiratis, while our goal is a new integrated vision for the housing file,” Sheikh Mohammed remarked adding that, ”I wish the best for our country, our people, and I look forward to a better and happy life for us.”
Last year, Sheikh Mohammed had approved the allocation of $17.70 billion to an Emirati housing program in Dubai. The budget is expected to be spent over the next two decades to provide quality housing for Emiratis.
His Highness has also issued directives to quadruple the number of citizens benefiting from the housing program effective from next year, and to increase the land plots allocated to Emirati housing projects in Dubai to 1.7 billion square feet, which will meet the demand from citizens over the next 20 years.