Mohammed bin Rashid unveils Dh3.8 billion Dubai housing strategy

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, approved Dh3.8 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 a Dh500 million integrated complex for small families.

Sheikh Mohammed said providing quality housing for the public remained key to the UAE's future plans.

"Today, we approved housing projects in Dubai with a value of 3.8 billion dirhams, 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."