The Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum has approved an allocation of $17.7 billion to an Emirati housing programme in Dubai which is expected to provide quality housing for Emiratis over the next two decades.
Sheikh Mohammed has also issued another directive to quadruple the number of citizens benefitting from the housing programme effective from next year while land plot allocations for Emirati housing projects in Dubai were further increased to 1.7 billion square feet to meet the demand from citizens over the next 20 years.
Speaking about the new allocations, the Ruler of Dubai observed that quality housing is everyone’s basic right and a top priority for the government.
Meanwhile, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, pointed out the importance of streamlining efforts to implement the Dubai 2040 Urban Master Plan launched by Sheikh Mohammed bin Rashid, which maps out a comprehensive plan for sustainable urban development in Dubai.
“We are proud of the spirit of teamwork and collaboration with which we serve our citizens. We are committed to provide the highest quality of services to them through public-private partnerships. Working as one team, we continue to work to build a brighter future for our citizens. The government’s strategic plans for the future revolve around enhancing the quality of life our people enjoy. The directives of HH Sheikh Mohammed bin Rashid highlight the keenness of the government to provide quality housing to citizens. The welfare of our citizens is at the centre of all our projects. Their security, wellbeing and prosperity remains our highest priority,” Sheikh Hamdan stated.
The Dubai 2040 Urban Master Plan sets out a comprehensive future map for sustainable urban development in the city. Aligned with the UAE’s vision for the next 50 years, the Plan is focused on enhancing people’s happiness and quality of life. The people-centric Plan focuses on reinforcing Dubai’s competitiveness as a global destination by providing a wide diversity of lifestyle and investment opportunities for citizens, residents and visitors over the next 20 years. Designed to realise His Highness’s vision to make Dubai the city with the world’s best quality of life, the Plan aims to provide the highest standards of urban infrastructure and facilities.