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Urgent: Mohammed bin Rashid approves raising the value of the housing loan for citizens
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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today approved raising the value of the housing loan for citizens in Dubai to one million dirhams.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today approved raising the value of the housing loan for citizens in Dubai to one million dirhams.

His Highness said in his official account on the social networking site "Twitter": "Today, we approved raising the value of the housing loan for citizens in Dubai to one million dirhams...".

His Highness added: "We directed the immediate start of allocating 4,000 plots of land and housing for citizens at a cost of 5.2 billion dirhams... As we mentioned previously, I will follow up with Hamdan and Maktoom the housing policy myself during the coming period.