Mohammed Bin Rashid Approves AED5.4 Billion Housing Projects Offering Beneficiaries 3,004 New Homes Across Dubai #Dubai - Dubai City Guide
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Mohammed Bin Rashid Approves AED5.4 Billion Housing Projects Offering Beneficiaries 3,004 New Homes Across Dubai
(6 January 2025)

 

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the implementation of a series of housing projects worth AED5.4 billion to benefit citizens across different areas of Dubai.

The projects will see 3,004 new homes being built for Emirati citizens. Of these, 1,181 homes will come up in Latifa City for beneficiaries under the housing loan category. For beneficiaries in the housing grant category, the projects envisage 606 new homes in Al Yalayis 5, 432 homes in Wadi Al Amardi, 398 homes in Al Awir1, 200 homes in the Makan area of Hatta, 120 homes in Oud Al Muteena, and 67 homes in the countryside and rural areas of Dubai.

The housing projects, offering diverse options for Emirati citizens, alignwith the Sheikha Hind bintMaktoum Family Programmelaunched by Her Highness Sheikha Hind bintMaktoum bin Juma Al Maktoum, wife of His Highness Sheikh Mohammed bin Rashid Al Maktoum. The programme aims to support the wellbeing of families in Dubai, strengthentheir stability and cohesion, renew community values, enhance the overall quality of family life, offer a stimulating social environment, and helpfamilies achieve optimal work-life balance.

His Highness Sheikh Mohammed emphasisedthat citizen wellbeing is the end goal of all development plans and the primary driver of all government work, besides being a key criterion in evaluating the success of development programmes and initiatives in the jobs, manufacturing, infrastructure, and services sectors.

His Highness said: “Housing programmes for citizens represent a top priorityand we are committed to ensuringthat our people have the best living standards and all the support they need to foster stable family environments and community wellbeing. People are the foundation of our renaissance, our successful development experience, and the cornerstone of the global standing we have achieved in all respects.”

Comprehensive plan

His Highness added that major housing initiatives will continue to be part of a comprehensive plan to fulfil the aspirations of citizens for stability and good living standardswhile helping achieve national strategies to drive ever greater prosperity and shape the future that the people of the UAE truly deserve.

His Excellency Omar Hamad Bu Shehab, CEO of the Mohammed bin Rashid Housing Establishment, said that the new housing projects embody the leadership’s vision tooffer citizens exceptional quality of life by providing an integrated residential environment that meets all their needs while ensuring the highest levels of comfort and safety.

He added: “The housing projects plan is part of a series of projects implemented by the Mohammed bin Rashid Housing Establishment to provide for the future housing needs of Emirati citizens within integrated communities. These plans are implemented drawing upon the best urban planning standards, placing citizens at the forefront of all goals aimed at ensuring public wellbeing over the next 20 years.”

According to the Dubai 2040 Urban Master Plan, housing programmes for citizens in Dubai aim to address future housing needs through optimal planning of available spaces in the emirate. This is achieved by ensuring the sustainability of available land in keeping with rigorous standards. A significant effort also goes into ensuring a diverse choice of housing units and communities offering the highest quality of life, with an accent on green spaces, recreational facilities and commercial centres.

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