Dubai approves $17.7bln to provide housing for citizens

Number of beneficiaries in the housing programme to increase fourfold: Dubai ruler

  
Dubai skyline. Image courtesy Dubai Media Office Twitter handle.

Dubai skyline. Image courtesy Dubai Media Office Twitter handle.

Dubai has approved a budget of 65 billion dirhams ($17.7 billion) to provide housing for UAE citizens. 

The huge outlay will be spent over the next 20 years through the citizens’ housing programme, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ruler of Dubai announced on Twitter on Wednesday. 

The Dubai ruler said they have also adopted an integrated housing policy and that they intend to multiply the number of beneficiaries fourfold.  

“Decent housing is a dignity and a right for all… A decent life for the people of the country is the first priority for the government,” the Dubai ruler said. 

The UAE has an existing housing programme that seeks to allocate land or provide free housing, including housing loan, to UAE nationals. 

Emiratis who want to benefit from the programme can apply through the Housing Allocation Committee at the Ministry of Presidential Affairs. 

(Writing by Cleofe Maceda; editing by Daniel Luiz) 

Cleofe.maceda@refinitiv.com 

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© ZAWYA 2021


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