Dubai unveils $1.72bn Eid residential package for citizens
DUBAI, April 24, 2022
In his capacity as the Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved a new housing package worth AED 6.3 billion ($1.72 billion) for UAE citizens in Dubai.
This includes housing and land allotments for 4,610 Emiratis in the city, on the occasion of Eid Al Fitr and as part of the housing programme for Dubai Citizens, reported Wam.
Also the area of plots allocated to Emirati housing projects in Dubai has been increased to 1.7 billion sq ft, it added.
Speaking on the occasion, Sheikh Mohammed emphasised that the housing programmes and social services projects was a government priority that aims at meeting the needs of Emiratis and their families.
"Today, we directed the allocation of 4,610 housing and residential plots at a cost of AED6.3 billion as part of the housing project for UAE citizens in Dubai, which is a file that I am directly following-up on due to its importance to us, and we will continue to develop it to meet the requirements and needs of every family in the emirate," he stated.
In 2021, Sheikh Mohammed had approved the allocation of AED65 billion to an Emirati housing programme in Dubai. The budget will be spent over the next two decades to provide quality housing for Emiratis.