UAE approves $2bn housing budget for Emiratis

February 05, 2018

undefinedThe UAE has approved an AED 7.2bn ($2bn) plan to build 7,200 housing units for Emiratis by 2021.

The project was approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai.

"Under the directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, we have implemented housing projects in various emirates with the highest standards of quality and sustainability and with careful consideration of the social style of the Emirati family," said Sheikh Mohammed.

"We have directed the concerned authorities responsible for housing projects in the UAE to provide the residential neighbourhoods with the best infrastructure services to meets the aspirations of our people.”

Currently, 80% of Emiratis own their homes which is one of the highest percentages globally, added.

The cabinet also issued a resolution on developing community green spaces planned for educational institutions, residential complexes and government buildings.

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