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 Dubai Announce $1.5 Billion Housing Plan for Its Nationals


Dubai Announce $1.5 Billion Housing Plan for Its Nationals

Initiating the first social welfare programme of 2024, Dubai has announced plans to allocate 3,500 plots of land and 2,300 ready-to-move houses valued at $1.5 billion for its citizens across the Emirate.

His Highness also issued directives to name the new area designated for the housing project for citizens as Latifa City, named after his mother, Sheikha Latifa bint Hamdan bin Zayed Al Nahyan.

The project was approved by H H Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, as part of a series of transformative projects for the year 2024 under the Dubai Social Agenda 33.

Dubai Social Agenda 33 was launched recently by the Dubai Ruler and is inspired by the overarching theme of “Family: The Foundation of Our Nation.”

One of the key objectives of the $56.63 billion Dubai Social Agenda programme is to double the number of Emirati families in the Emirate within a decade by setting out plans to further enhance housing standards, health care and overall quality of life for citizens.

Sheikh Mohammed reassured that citizens, their families and social stability were fundamental to all government plans and the ultimate goals of all initiatives envisaged by it.

He said that Dubai’s continued success story is the outcome of prioritising public welfare and leveraging all available resources to ensure optimal conditions for work and creativity. Good housing, welfare measures and a sense of reassurance and faith in tomorrow all go towards furthering social cohesion in the emirate, he added.

He also reaffirmed Dubai’s commitment to launch more significant projects to fulfil the aspirations of its citizens. “Family is the cornerstone of the nation and the foundation of all development plans. Our ultimate objective is to enhance the quality of citizens’ lives for a brighter future,” he said.

The housing plots earmarked for citizens cover an area spanning 40 million sq ft, with eligible citizens from Dubai to be handed over ownership in February. These include 2,700 plots in Latifa City and 800 plots in Al Yalayis 5 area. The 2,300 new houses for citizens are located across areas in Al Khawaneej 2, Al Aweer, Wadi Al Amardi, and Hatta.

H H Sheikh Mohammed bin Rashid Al Maktoum

Community Empowerment

Mattar Al Tayer, Dubai’s Commissioner General for the Infrastructure, Urban Planning, and Wellbeing Pillar, who is also Chairman of the Supreme Committee of Urban Planning in Dubai, said that committee’s dedication to implementing the initiatives, designing exemplary neighbourhoods, and undertaking residential projects in line with the leadership’s vision to provide the best living standards for citizens.

This commitment is aimed at achieving the objectives of the Dubai 2040 Urban Master Plan, which aims to establish a global development model focused on empowering the community and ensuring family stability, he added.

Dawood Abdul Rahman Al-Hajri, Director General of Dubai Municipality, said that the municipality’s commitment was collaborating with government entities to enhance the happiness and well-being of citizens and upcoming generations.

These efforts were also aimed at promoting sustainable development in Dubai, with a strong emphasis on human-centric approaches and improving the overall quality of life, he added.

Omar Hamad Abdullah Hamad Bu Shehab, CEO of the Mohammed Bin Rashid Housing Establishment, highlighted the establishment’s dedication to fostering collaboration with various entities to guarantee the delivery of modern and integrated housing services.

Global Business Magazine

Global Business Magazine

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