Mohammed okays $8.7b housing plan for Emiratis

ABU DHABI / WAM

Following the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the construction of 34,000 housing units for Emiratis across different parts of the UAE at a total cost of AED32 billion ($8.7 billion) to be delivered up until 2025.
Sheikh Mohammed bin Rashid has also given directives to raise the value of salary ceiling of beneficiaries obtaining support from the Sheikh Zayed Housing Programme from AED10,000 to AED15,000. His Highness also directed to raise the value of housing loans for citizens in government residential neighbourhoods from AED800,000 to AED1.2 million as a maximum loan amo-
unt, depending on the value of the premises.
The decisions came during an inspection tour conducted by Sheikh Mohammed, during whi-ch, he visited a number of housing projects and road infrastructure projects in Ras Al Khaimah.
During the tour, HH emphasised, “We have pledged, from the beginning, to ensure that every UAE citizen is provided with a home, and that no area is left undeveloped.”
“The quality of housing across the country is of a unified standard,” Sheikh Mohammed said, adding that housing services for UAE citizens are also unified.
“We want higher levels of competitiveness between government sectors for the benefit of Emiratis. The Sheikh Zayed Housing Programme holds a special value providing necessary services to Zayed’s children,” His Highness added.