New housing package worth $1.71 billion approved for UAE citizens in Dubai

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Representational Pic. (WAM)
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  • The package includes housing and land allotments for 4,610 Emiratis in the city, on the occasion of Eid al-Fitr and as part of the Housing Program for Dubai Citizens.
  • Al Maktoum also approved the development of a new housing complex in Al Khawaneej area 2, which will include 1,100 residential villas.

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has approved a new housing package worth AED 6.3 billion ($1.71 billion) for UAE citizens in Dubai.

This includes housing and land allotments for 4,610 Emiratis in the city, on the occasion of Eid al-Fitr and as part of the Housing Program for Dubai Citizens.

Al Maktoum also approved the development of a new housing complex in Al Khawaneej area 2, which will include 1,100 residential villas.

The housing plan includes 3,500 plots in Umm Nahad 4 and Al Aweer.

Al Maktoum said housing programs and social services projects were a government priority that aims at meeting the needs of Emiratis and their families.

“We will continue to develop it to meet the requirements and needs of every family in the emirate,” he added.

In 2021, the ruler approved the allocation of AED65 billion to an Emirati housing program in Dubai. The budget will be spent over the next two decades to provide quality housing for Emiratis.

He 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.

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