Sheikh Mohammed allocates Dhs65bn to Emirati housing programme in Dubai

An allocation of Dhs65bn to be spent on an Emirati housing programme in Dubai has been approved by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The budget will be spent over the next two decades to provide housing for Emiratis to meet the demand from citizens over that period.

Sheikh Mohammed also issued directives to quadruple the number of citizens benefiting from the housing programme effective from next year, and to increase the land plots allocated to Emirati housing projects in Dubai to 1.7 billion square feet.

“We have adopted an integrated housing policy, which I will supervise myself. Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, will follow up on its plans,” said Sheikh Mohammed.

.@HHShkMohd approves the allocation of AED65 billion to an Emirati housing program in Dubai. The budget will be spent over the next two decades to provide quality housing for Emiratis.
(Archive Photo)https://t.co/gyQ8LbiS4C pic.twitter.com/AYsJcaBOnz

— Dubai Media Office (@DXBMediaOffice) September 22, 2021

In March, Sheikh Mohammed launched the Dubai 2040 Urban Master Plan, of which one of the key objectives was to strengthen citizen’s attachment to older neighbourhoods in the emirate and to provide better housing options.

Read: Sheikh Mohammed launches mega Dubai 2040 urban development plan

“We are committed to providing the highest quality of services to them through public-private partnerships. The government’s strategic plans for the future revolve around enhancing the quality of life our people enjoy. The directives of HH Sheikh Mohammed bin Rashid highlight the keenness of the government to provide quality housing to citizens. The welfare of our citizens is at the centre of all our projects. Their security, wellbeing and prosperity remains our highest priority,” said Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai.

The UAE earlier this month unveiled the second set of initiatives and programmes as part of its ‘Projects of the 50’ strategy that aimed to create 75,000 jobs for Emiratis in the private sector. Several incentives have been unveiled to encourage UAE nationals to join the private sector including salary top-ups and unemployment benefits.

Read also: Projects of the 50: UAE aims to create 75,000 private sector jobs for Emiratis