Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved housing grants for 2,971 citizens, totaling 2.69 billion dirhams. This initiative underscores the UAE’s commitment to ensuring citizens have access to suitable housing, which is considered a fundamental aspect of family stability.
Commitment to Housing Development
Sheikh Mohammed emphasized that under the leadership of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, the housing needs of citizens remain a top priority. The government continuously develops the housing system to meet the requirements of its citizens while adhering to the highest quality standards and efficient timelines. As Sheikh Mohammed aptly noted, “The attention that the UAE gives to citizens’ housing needs is a consistent and essential commitment, stemming from the role housing plays as a vital factor in the stability of families.”
Funding and Housing Approvals
As part of this initiative, the Zayed Housing Programme issued a total of 2,971 housing approvals from January through the third quarter of the current year, amounting to a financial commitment of 2.69 billion dirhams. Among these approvals, 522 were granted as part of a special allocation by the President, valued at 355 million dirhams. Additionally, the programme issued 595 approvals for government housing loans totaling 246.2 million dirhams, alongside 24 grants valued at 19 million dirhams, and 1,830 housing financing decisions worth 1.449 billion dirhams.
Significant Achievements in Housing Approvals
Since July 2022, the Zayed Housing Programme has issued an impressive 11,298 housing decisions, with a cumulative value nearing nine billion dirhams. This remarkable achievement reflects the UAE’s dedication to its citizens and highlights ongoing efforts to ensure that adequate housing is accessible to all. Sheikh Mohammed affirmed, “The continuous development and oversight of the housing system in the country are ongoing, ensuring that citizens’ needs are met with the highest standards of quality and expedience.”
The recent approval of housing grants for 2,971 citizens at a cost of 2.69 billion dirhams represents just one of the many steps the UAE is taking to guarantee stability and quality of life for its citizens, reinforcing the nation’s commitment to their welfare.