Sheikh Mohammed approves Dh5.2 billion free housing in Dubai

  DUBAI – Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has approved a Dh5.2-billion budget for free housing in Dubai. The budget will cover an allocation of 4,000 plots of land and houses for Emiratis in Dubai. Sheikh Mohammed also increased the limit for interest-free housing loans to Dh1 million for those who are eligible. "Our housing projects are developed after taking into consideration the needs of the entire family as part of our efforts to create an environment that promotes social welfare and cohesiveness," Sheikh Mohammed said. "We will continue to implement high-quality housing projects to provide a decent life to our citizens," he added. Recently, Sheikh Mohammed approved the allocation of Dh65 billion to an Emirati housing programme in Dubai. The budget will be spent over the next 20 years. The Dubai ruler also issued directives to quadruple the number of citizens benefiting from the housing programme, effective from 2022. ICA/Expat Media
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