Sheikh Mohammed approves Dhs5.4 bn housing package for citizens in Dubai

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the implementation of a series of housing projects worth $1.47bn (Dhs5.4bn) to benefit citizens across different areas in the emirate.

The projects will see 3,004 new homes being built for Emirati citizens. Of these, 1,181 homes will come up in Latifa City for beneficiaries under the housing loan category.

For beneficiaries in the housing grant category, the projects envisage 606 new homes in Al Yalayis 5, 432 homes in Wadi Al Amardi, 398 homes in Al Awir 1, 200 homes in the Makan area of Hatta, 120 homes in Oud Al Muteena, and 67 homes in the countryside and rural areas of Dubai.

The housing projects, offering diverse options for Emirati citizens, align with the Sheikha Hind bint Maktoum Family Programme launched by Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of Sheikh Mohammed.

“Housing programmes for citizens represent a top priority. We are committed to ensuring that our people have the best living standards and all the support they need to foster stable family environments and community wellbeing,” Sheikh Mohammed said in a social media post on X.

“People are the foundation of our renaissance, our successful development experience, and the cornerstone of the global standing we have achieved in all respects.”

دعماً لبرنامج الشيخة هند بنت مكتوم للأسرة … اعتمدنا اليوم حزمة مشاريع إسكانيّة تشمل بناء أكثر من 3000 وحدة سكنية في دبي بقيمة 5.4 مليار درهم .. وستكون أولوية التخصيص في بعض هذه المشاريع للمشاركين في مبادرة أعراس دبي …

الهدف تشجيع الشباب على الزواج .. والهدف توفير السكن الكريم…

— HH Sheikh Mohammed (@HHShkMohd) January 5, 2025

Dubai’s housing programs for citizens prioritise sustainable urban planning to address future housing demands by optimising the use of available land within the emirate while adhering to strict standards to ensure long-term sustainability.

Meanwhile, the Sheikha Hind bint Maktoum Family Programme seeks to support the growth, stability and well-being of families in Dubai, strengthen community values and enhance the quality of life by offering financial, social and educational support.

The initiative reduces the monthly premium for housing loans to a minimum of Dhs3,333 for beneficiaries of the Dubai Weddings programme, provided their monthly income does not exceed Dhs30,000.

The programme aligns with the objectives of the Dubai Social Agenda 33, which aims to foster happy, connected, and value-driven families and double the number of Emirati families in Dubai by 2033.

Read: Abu Dhabi approves Dhs3.3bn housing benefits package for citizens