Dubai — Mubasher: Sheikh Mohammed bin Rashid Al Maktoum, the UAE's vice president, prime minister, and Dubai's ruler, has given the green light to the building of 34,000 housing units for Emiratis across the UAE at a combined cost of AED 32 billion ($8.71 billion).
The homes are set to delivered up until 2025, state-run news agency WAM reported on Monday.
“We have pledged, from the beginning, to ensure that every UAE citizen is provided with a home, and that no area is left undeveloped,” he said during a tour to inspect a slew of housing and road infrastructure projects in the emirate of Ras Al Khaimah.
Sheikh Mohammed has also ordered raising the salary ceiling of beneficiaries obtaining support from the Sheikh Zayed Housing Programme to AED 15,000, along with increasing the value of housing loans for citizens in government residential neighbourhoods from AED 800,000 to AED 1.2 million as a maximum loan amount.
“UAE citizens deserve the country's full attention, because of their continued sacrifices to the nation's development,” he added.
