His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved a historic housing budget of 65 billion dirhams for the next twenty years.
His Highness directed to quadruple the number of beneficiaries of the housing program in Dubai starting this year, and to double the land allocated for housing citizens in Dubai to reach one billion seven hundred million square feet, sufficient to meet the needs of citizens for the next twenty years.
The directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum come in light of efforts to complete the development and urban model of the Emirate of Dubai, in a way that enhances a decent life for citizens and consolidates Dubai's position as the best city for life in the world.
During the announcement of the new housing plans, His Highness stressed that decent housing is a dignity... and a right for everyone... and a decent life for the people of the country is the first priority for the government's work.
His Highness said: "The government housing program will be part of my personal follow-up.. Hamdan and Maktoom will supervise the housing plan for citizens on an ongoing basis."
His Highness added: "Our goal is for Dubai to be the best city in the world to live in... and the development of residential areas for citizens is the most important part of this vision."
For his part, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, stressed the priority and importance of uniting efforts to implement the Dubai Urban Plan 2040, which was adopted by His Highness Sheikh Mohammed bin Rashid Al Maktoum to anticipate the future of cities and search for solutions and future housing needs that Achieving family stability and ensuring a decent life for our people over the coming decades.