Dubai Starts Building 803 New Homes for Emiratis
- Publish date: Tuesday، 15 February 2022
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Dubai has started to build 803 new homes for Emiratis under a Dh1.2 billion project in Al Kawaneej 2 and Al Warqa districts.
In November 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved AED3.8 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 an AED 500 million integrated complex for small families.
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"We approved housing projects in Dubai with a value of AED3.8 billion, 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.
.@mbrhe_gov starts building 803 new homes for Emiratis, in Al Kawaneej 2 & Al Warqa, at a total cost of around AED 1.2 billion. #Dubai pic.twitter.com/wCfmOinzdi
— Dubai Media Office (@DXBMediaOffice) February 14, 2022
"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."
It also exempted 10,032 low-income retirees and families of deceased mortgage-holders from repayments, Abu Dhabi Media Office said.