The package was approved under the directive of UAE President Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi
The statistics authority said rental prices increased by 9 per cent in December 2023
The allocation of the land plots is implemented as per Dubai’s Higher Committee for Development and Citizens Affairs comprehensive citizen housing plans
The MoEI issued the aid via 432 decisions on applications for house construction, completion, purchase, maintenance and upgrades
The rates for mortgages shorter than 20 years remain the same
The newly named Hind City includes four zones, spans an area of 83.9km, and includes housing for Emiratis
The step comes as part of the Housing Programme for Dubai Citizens, to meet the requirements and needs of Emirati families
The benefit will cover more than 1,100 beneficiaries in the emirate
The President has ordered the completion of all housing grant applications through the Sheikh Zayed Housing Programme, at a total cost of around Dhs2.3bn
The development of a new housing complex in Al Khawaneej area 2, which will include 1,100 residential villas, was also approved
The cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met at Expo 2020 Dubai
A total of 600 housing loans are to be provided by the Mohammed bin Rashid Housing Establishment
The cabinet during a meeting on Monday also approved a National Medicine Policy and a national strategy for cultural and creative industries
The Dubai Crown Prince also approved prioritising allocation of residential land plots and housing units to first-degree family members in the same residential area
The Ruler of Dubai also issued directives to quadruple the number of citizens benefiting from the housing programme effective from next year
The refinancing company was established to buy home loans from banks and other finance companies, freeing up the lenders to book more mortgages
Abu Dhabi is the 39th most expensive place for expatriates, according to New York-based consultant Mercer, more costly than Boston or Milan
The decision is part of the government’s strategy to ‘Kuwaitise’ jobs in the public sector
The Dubai residential market is expected to bottom out soon, states study