Skip to content
Mohammed bin Rashid approves raising the value of the housing loan
Archive photo

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, 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 lands 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

During the announcement of the new housing plans, His Highness stressed that decent housing is a dignity... and a right for all... 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 for life in the world... and to develop the regions."
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.

His Highness said: "We are proud of the concerted efforts and the work of everyone in the spirit of one team to serve our citizens, and we affirm our commitment to providing the best by strengthening the partnership between the public and private sectors, and exerting more efforts to create a future in which the aspirations of the people of the country are realized."

His Highness added: "The human being is at the center of our government plans that focus on enhancing the quality of life, and the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum come from the government's keenness to provide adequate housing for citizens to enhance the stability of families and ensure their social security. and prosperity in its present and its future.

In the same context, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, stressed that housing for citizens is a government priority, and the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum are to develop a detailed plan for the next twenty years.

His Highness said: "The urban development plans in the Emirate of Dubai are subject to permanent reviews, and our housing policy will be flexible to meet the needs and aspirations of citizens on an ongoing basis."

Read also :