Dubai announces $1.03bln new housing projects

Sheikh Mohammed said providing quality housing for the public remained key to the UAE's future plans

  
General view of the world's tallest building Burj Khalifa in Dubai, United Arab Emirates, December 28, 2018.

General view of the world's tallest building Burj Khalifa in Dubai, United Arab Emirates, December 28, 2018.

REUTERS/ Hamad I Mohammed

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved AED3.8 billion ($1.03 billion) housing projects in the emirate, reported Wam.
 
Sheikh Mohammed said providing quality housing for the public remained key to the UAE's future plans.
 
"Today, we approved housing projects in Dubai with a value of AED3.8 billion, including the distribution of 2,000 residential plots, 900 ready-made housing villas, an integrated complex of AED500 million for small families, and a set of services for beneficiaries, including the possibility of government administration building their own homes, exemptions from government fees, and a reduction in monthly installments for housing loans," he stated.
The housing file will remain within our personal follow-up and our goal is to change the shape of residential neighborhoods for citizens in the future to provide the best lifestyle and the best environment for families in the world, he added.

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