Abu Dhabi: Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has inaugurated the Al Wathba housing project. The project is part of the Emirati Neighborhood Initiative, aimed at providing 347 new homes to citizens at a cost of $30 crore.
The Abu Dhabi Crown Prince stressed the importance of ensuring high-quality housing for Emiratis in Abu Dhabi, which underscores the leadership’s commitment to cultivating a secure and stable environment for its citizens.
Sheikh Khaled was accompanied by Mr. Ahmed Jassem Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development; Mr. Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism; Mr. Mohammed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport and Chairman of the Abu Dhabi Housing Authority; and Mr. Hamad Hareb Al Muhairi, Director-General of the Abu Dhabi Housing Authority.
Mr. Al Shorafa commented that “the Al Wathba housing project signifies the Abu Dhabi Housing Authority’s commitment to delivering the leadership’s directives. This initiative stands as a cornerstone in guaranteeing citizens’ access to quality housing, fostering a secure and stable social environment, and actively supporting the ongoing development and growth of Abu Dhabi.”
According to reports, the project covers 875,000 square meters and includes various community facilities, such as four commercial complexes and 64 shops. Additionally, the development has 15 parks and four mosques, with a total capacity of 1,725 people.
After the inauguration ceremony, Sheikh Khaled witnessed the signing of a public-private partnership agreement to develop community facilities at the project.
Since its establishment, the Abu Dhabi Housing Authority has provided more than 39,000 residential plots and more than 16,000 new homes. It has approved more than 44,000 housing loans and facilitated housing loan exemptions for 4,000 beneficiaries. The total value of the housing benefits delivered so far has been $38 billion.