01 July 2020

The UAE continued supporting housing projects for citizens with the same momentum during the first half of 2020 despite the challenges imposed by the Covid-19 outbreak. This comes as part of its comprehensive national strategy for developing the housing sector.

The Follow-Up Committee of the Initiatives of the UAE President had in February announced the completion of the Dh1.9-billion ($517 million) Mohamed bin Zayed Residential City in Fujairah. The project was launched to meet the needs of citizens, support the well-being and stability of Emirati families, and improve the quality of their lives, reported state news agency Wam.

The Mohamed bin Zayed Residential City was an iconic urban achievement in Fujairah’s housing sector. Spread over a sprawling 2.2 sq km area, the Mohamed bin Zayed Residential City will accommodate 1,100 residential villas equipped with advanced facilities.

Also in these six months, the UAE leadership had approved the disbursement of housing loans, houses and residential plots worth a total of Dh5.5 billion, granted to more than 5,500 Emirati nationals within Abu Dhabi. This was followed by a directive from Sheikh Mohamed bin Zayed to double the number of housing loans to UAE citizens, which falls within Abu Dhabi’s Development Accelerator Programme, ‘Ghadan 21’.

In Dubai, the Mohammed bin Rashid Housing Establishment pointed out that its total housing grants and loans amounted to Dh202 million in the first quarter, accounting for 300 approvals distributed over five housing services, including 212 house construction approvals, 14 prefabricated houses owned through its purchase loans, 21 prefabricated houses not owned through its purchase loans, 59 maintenance, addition or substitution loans, and four facilitated apartment rentals.

In Sharjah too, citizen housing projects are continuing momentum with the 4,400-housing unit set for completion by 2021-end.

On a federal level, the Sheikh Zayed Housing Programme plans to deliver 1,729 houses worth Dh2 billion by the fourth quarter, including 888 over three phases in Ras Al Khaimah, 500 in Ajman, and 341 in Dubai.  

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