Cabinet, Led by Mohammed bin Rashid, Approves 3,567 Housing Grants This Year
The Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the State, Prime Minister, and Ruler of Dubai, has affirmed its support for housing for citizens by approving 3,567 housing grants this year, with total spending reaching 2.546 billion dirhams. These approvals encompass a wide variety of housing options, underscoring the government’s commitment to meeting the needs of citizens in this vital sector.
Details of Housing Approvals
This year, 3,567 housing approvals were issued, including 599 new approvals in the last quarter, valued at 478 million dirhams. These approvals include various forms of housing support, such as grants designated for low-income individuals, government housing, and housing financing coordinated with national banks.
Decisions from the Zayed Housing Program
The decisions issued under the Zayed Housing Program this year include 524 grants awarded by His Highness the President of the State, amounting to 356 million and 300 thousand dirhams. Additionally, 623 decisions for government housing (loans) were issued, valued at 270 million and 200 thousand dirhams, along with 32 other decisions for government housing (grants/benefits) worth 25 million and 400 thousand dirhams. Finally, 2,388 financing decisions were achieved, totaling 1.894 billion dirhams.
Results from the Last Quarter of the Year
In the last quarter of this year, the Zayed Housing Program issued 599 housing decisions valued at 478 million dirhams. Among these decisions are grants awarded by His Highness the President of the State worth 1 million and 300 thousand dirhams. Additionally, 31 decisions for government housing (loans) were issued, valued at 25 million and 200 thousand dirhams, along with eight decisions for government housing (grants/benefits) worth 6 million and 400 thousand dirhams, and 558 housing financing decisions valued at 445 million and 100 thousand dirhams.
These initiatives aim to enhance community sustainability and provide a comfortable living environment for citizens, reflecting the leadership’s commitment to responding to citizens’ needs and facilitating access to suitable housing.