HH Sheikh Mohammed bin Rashid Al Maktoum allocates $17bn to Emirati housing programme in Dubai

27 September 2021
HH Sheikh Mohammed bin Rashid Al Maktoum allocates $17bn to Emirati housing programme in Dubai

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the allocation of $17.6 billion to an Emirati housing programme in Dubai. The budget will be spent over the next two decades to provide quality housing for Emiratis.

According to a WAM report, Sheikh Mohammed also issued directives to quadruple the number of citizens benefiting from the housing programme effective from next year, and to increase the land plots allocated to Emirati housing projects in Dubai to 1.7 billion square feet, which will meet the demand from citizens over the next 20 years. He added that quality housing is everyone’s basic right and a top priority for the government.

“We have adopted an integrated housing policy, which I will supervise myself. Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, and Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, will follow up on its plans,” the report quoted him as saying.

He added that Dubai’s vision is to be the world’s best city to live in. Developing housing for citizens is a top priority that forms part of this objective.

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, highlighted the importance of streamlining efforts to implement the Dubai 2040 Urban Master Plan launched by Sheikh Mohammed bin Rashid, which maps out a comprehensive plan for sustainable urban development in Dubai.

“We are proud of the spirit of teamwork and collaboration with which we serve our citizens. We are committed to provide the highest quality of services to them through public-private partnerships. Working as one team, we continue to work to build a brighter future for our citizens.

“The government’s strategic plans for the future revolve around enhancing the quality of life our people enjoy. The directives of HH Sheikh Mohammed bin Rashid highlight the keenness of the government to provide quality housing to citizens. The welfare of our citizens is at the centre of all our projects. Their security, wellbeing and prosperity remains our highest priority,” Sheikh Hamdan was quoted as saying.

The Dubai 2040 Urban Master Plan sets out a comprehensive future map for sustainable urban development in the city. Aligned with the UAE’s vision for the next 50 years, the Plan is focused on enhancing people’s happiness and quality of life. The people-centric Plan focuses on reinforcing Dubai’s competitiveness as a global destination by providing a wide diversity of lifestyle and investment opportunities for citizens, residents and visitors over the next 20 years.

Designed to realise His Highness’s vision to make Dubai the city with the world’s best quality of life, the Plan aims to provide the highest standards of urban infrastructure and facilities.

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, said the provision of housing facilities is a key focus of the government. “Under the directives of His Highness Sheikh Mohammed, we are working to develop a comprehensive plan for ensuring our citizens have access to high quality housing over the next 20 years.

Dubai’s urban development plans are subject to constant review and our housing policy will continue to evolve according to the requirements of our citizens,” Sheikh Maktoum concluded.

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