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6.3B AED Housing Project Approved By His Highness Sheikh Mohammed Bin Rashid Al Maktoum
Dubai Announcer > News > Government > 6.3B AED Housing Project Approved By His Highness Sheikh Mohammed Bin Rashid Al Maktoum
Government

6.3B AED Housing Project Approved By His Highness Sheikh Mohammed Bin Rashid Al Maktoum

His Highness Sheikh Mohammed bin Rashid Al Maktoum, VP and PM of the UAE and Ruler of Dubai, has approved a 6.3B AED housing project for UAE citizens.

Layla Majeed
Layla Majeed April 24, 2022
Updated 2022/04/24 at 5:38 PM
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Posting a video of the blueprint of the complex, His Highness Sheikh Mohammed added that it will also include housing and land for 4,610 Emiratis.

The announcement concurs with Eid Al Fitr and is part of efforts by His Highness Sheikh Mohammed to “support the UAE citizens and enhance their quality of life and offer them with more stable environment”.

The housing project will include the construction of around 1,110 residential plots in the second Al Khawaneej area, along with the allocation of 3,500 plots in Umm Nahd Al Rabeeh and Al Awir areas.

Also Read: Dubai Raises 53 Million AED In 2 Hours To Feed The Hungry

Moreover, the housing complex in second Al Khawaneej area is surrounded by villas, double villas and townhouse to meet the different needs of the citizens. The other 5 million square feet of the property will be marked for parks, green spaces, recreational areas and other facilities, and it will also feature a number of shops, sports club, walkway and bicycle paths.

Furthermore, recent headlines has also stated that Sheikh Mohammed had raised the value of housing loans to touch 1M AED without interest for eligible Emirati families.

Also Read: H.H. Sheikh Mohammed approves AED 6.3 billion housing project

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Layla Majeed April 24, 2022
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