Mohammed bin Rashid unveils AED3.
8 billion Dubai housing strategy
DUBAI, 28th November, 2021 – His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved AED3.
8 billion housing projects in Dubai.
As part of the new projects, 2,000 plots of land will be distributed to Emirati citizens together with 900 ready-made villas.
The projects also include an AED 500 million integrated complex for small families.
“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 half a billion dirhams 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,” Sheikh Mohammed said on Twitter.
“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.