New Dubai housing plan to be set for Emiratis
Sheikh Hamdan has asked for the plan to be completed by December
Dubai Municipality will draft a housing plan to meet the needs of UAE nationals, set to be presented by December.
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and the Chairman of the Executive Council, said on social media that he asked the municipality to draft a housing plan that will “meet the projected needs of UAE nationals for the next 30 years”.
He said the outline should be given top priority and presented “within a month” to kickstart the implementation phase. “The quality of life of UAE citizens is Sheikh Mohammed bin Rashid’s priority and providing affordable housing is an integral part of ensuring their well-being,” Sheikh Hamdan said.
Currently, the UAE Government allocates land, provides free housing or housing loans which Emiratis may apply for through the Housing Allocation Committee at the Ministry of Presidential Affairs.
The decade-old Mohammed bin Rashid housing establishment provides residential plots, governmental houses, residential maintenance on existing infrastructure as well as loans. The programme helps stimulate the emirate’s economy by “executing investment projects and activating strategic partnerships with the private and public sectors”, according to the government website.
On a federal level, the Sheikh Zayed Housing Programme helps locals obtain an interest-free loan to be paid over a 25-year period applicable to low income citizens. This has resulted in a follow-up committee which has approved the construction of more than 760 homes for UAE nationals.
Updated: October 24, 2017 10:11 AM