Abu Dhabi, UAESunday 25 August 2019

Sheikh Mohammed bin Rashid approves two new residential communities for Emiratis

Dubai Ruler allocates two areas in outskirts of the emirate to citizens

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, looks over plans for a housing development for Emiratis in Ras Al Khaimah in February. Courtesy Dubai Media Office
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, looks over plans for a housing development for Emiratis in Ras Al Khaimah in February. Courtesy Dubai Media Office

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, approved the allocation of two new residential communities for Emiratis in Dubai.

The new communities, in Nad Al Sheba and Wadi Al Amardi, comprise 1,000 residential land plots and bring the total number of plots allocated for housing in the emirate to 12,000.

On Monday, Sheikh Mohammed said the welfare of Emirati families was a priority for the Government and a key driver of its efforts.

''We have directed the Dubai Municipality to immediately start distribution of allocated land plots for eligible citizens," said Sheikh Mohammed.

"Our goal is always to make sure that Emirati citizens enjoy all types of support that make them happy and ensure psychological and social stability to their families."

Dawood Al Hajri, Director General of Dubai Municipality, said his department had begun implementing Sheikh Mohammed's directives to distribute land to the beneficiaries.

"Our wise leadership has confirmed its constant pursuance to enhance happiness of Emiratis and providing all that helps them to build their future and future generations," Mr Al Hajri said.

In February, Sheikh Mohammed, who is also Prime Minister, approved the construction of 34,000 housing units for Emiratis across the UAE.

The new homes would cost Dh32 billion and are set to be delivered in 2025.

The announcement followed amendments to the criteria for housing grants, allowing Emiratis who earn up to Dh15,000 a month to be eligible for a grant. Previously, only Emiratis who earned up to Dh10,000 were eligible for the Sheikh Zayed Housing Programme loan.

Loans for Emiratis living in government residential neighbourhoods were also increased from Dh800,000 to Dh1.2 million, depending on the value of the property.

Updated: May 21, 2019 09:52 AM

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