New Housing Plan to Provide 15,800 Homes for Nationals in Dubai

  • Publish date: Thursday، 22 December 2022
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H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has launched an integrated housing plan to provide 15,800 homes for nationals in Dubai over the next four years.

The projects His Highness visited during the tour included Al Warqa 4 and Al Khawaneej 2 where construction works are underway on several housing projects worth AED1.7 billion. 

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The plan overseen by the Higher Committee for Development and Citizens Affairs aims to provide housing services in line with the vision of the leadership and build 15,800 homes for nationals in Dubai by 2026. It also seeks to implement the approved housing programme in Dubai, which features the construction of 4,000 residential units with different options by 2026.

The Al Warqa Housing Project Sheikh Hamdan reviewed, has 136 villas being built, each villa has four bedrooms and other residential facilities. The completed units will be delivered in 2023.

Al Khawaneej 2 project features the construction of 1050 housing units including villas, semi-detached villas and townhouses.

As part of the 20 year national housing programme launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum last September 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.

This article was previously published on UAE Moments.To see the original article, click here

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