His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has launched an integrated housing plan to provide 15,800 homes for UAE citizens over the next four years.
Sheikh Hamdan, who also holds the position of Chairman of The Executive Council of Dubai, highlighted that "developing high-quality housing for nationals is a major priority" for the Dubai government.
“Our objective is not only to provide homes for nationals, but also to develop integrated residential communities, provide a high quality of life and create a social system that ensures family stability," he added.
Sheikh Hamdan also toured housing projects that are being developed in Al Warqa 4 and Al Khawaneej 2 for AED1.7 billion.
In response to @HHShkMohd’s directives, @HamdanMohammed launches integrated housing plan to provide 15,800 homes for nationals in #Dubai over the next four years and reviews housing projects worth AED1.7 billion at Al Warqa & Al Khawaneej 2. pic.twitter.com/tf7cTCGsw2
— Dubai Media Office (@DXBMediaOffice) September 12, 2022
Our objective is not only to provide homes for nationals but also to develop integrated residential communities, provide high quality of life, and create a society that ensures family stability. pic.twitter.com/F4FYLmIIb8
— Hamdan bin Mohammed (@HamdanMohammed) September 12, 2022
"Over the coming months, we will launch a series of community projects under the auspices of the Higher Committee for Development and Citizens Affairs to ensure a high quality of life for all members of the community," Sheikh Hamdan added.
As part of the 20-year national housing programme launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai with a historic budget of AED65 billion, housing loans worth AED4.8 billion have been approved in a single year.
A total of 4,764 approvals have also been provided to date. The value of housing loans for citizens is expected to exceed AED13 billion by 2026.
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