SZHP has delivered 62,000 homes worth $10bn to Emiratis since 1999
UAE Minister of Infrastructure says Sheikh Zayed Housing Programme has projects worth $6.1bn in the pipeline
The UAE’s Minister of Infrastructure, Dr Abdullah bin Mohammed Belhaif Al Nuaimi, revealed that Sheikh Zayed Housing Programme (SZHP), of which he is board chairman, had processed 62,000 housing support applications worth more than $9.5bn (AED35bn) to date in the UAE, with the support covering mortgages, grants, the construction of government housing units and extensions on existing houses, and home maintenance.
SZHP was established in 1999 to provide housing support to UAE citizens.
Speaking to the UAE’s state news agency, Wam on the sidelines of the third Arab Ministerial Forum of Housing and Urban Development, Al Nuaimi said 10,746 individual housing units worth $1.9bn (AED7bn) and residential projects valued at $735m (AED2.7bn), comprising 1,990 units, were being implemented by SZHP in 2019.
He added that 12,736 housing projects worth $2.6bn (AED9.7bn) are in progress, and that 17,873 houses worth $4.7bn (AED17.3bn) are expected to be delivered between 2019 and 2025 under future building projects.
Another 3,391 houses that are part of residential projects worth $1.4bn (AED5bn) will also be delivered in the next few years, with SZHP's future projects valued at $6.1bn (AED22.3bn).