VP announces AED65 billion housing project for Emiratis

  • Date: 23-Sep-2021
  • Source: Emirates Business
  • Sector:Real Estate
  • Country:UAE
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VP announces AED65 billion housing project for Emiratis

Dubai / WAM

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the allocation of AED65 billion to an Emirati housing programme in Dubai. The budget will be spent over the next two decades to provide quality housing for Emiratis. His Highness also issued directives to quadruple the number of citizens benefiting from the housing programme 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. HH Sheikh Mohammed said quality housing is everyone’s basic right and a top priority for the government. “We have adopted an integrated housing policy, which I will supervise myself. Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, will follow up on its plans.” His Highness said Dubai’s vision is to be the world’s best city to live in. Developing housing for citizens is a top priority that forms part of this objective, he added. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The