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Housing initiatives worth $1.3bn announced

'We will never rest until every Emirati is settled in his home'

NEWS, Business, Ajman, Al Syouh, Emm Al Quwain, His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Khalifa Residential Compound, President His Highness Shaikh Khalifa Bin Zayed Al, Ras al khaimah, Zayed Housing Programme

Construction work on three residential compounds at Ajman, Ras Al Khaimah and Emm Al Quwain, valued at $326m (AED1.2bn), providing housing for 1,200 citizens, has been ordered to start by His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

The announcement was made as part of a $1.3bn (AED5bn) raft of housing initiatives revealed by Sheikh Mohammad during a tour of the northern emirates.

As part of the plans, launched under the directives of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, preliminary approvals will be made for housing loans and grants valued at $816m (AED3bn), benefiting 6,000 citizens.

Sheikh Mohammad also approved the names of 1,971 housing beneficiaries for grants valued at $272m (AED1bn).

As well as the three residential compounds, he issued directives to Abdullah Bel Haif Al Nuaimi, Minister of Public Works and Chairman of Zayed Housing Programme (ZHP), for the immediate distribution of 800 villas in Sharjah and Fujairah.

“Housing for Emiratis tops the priorities of all Rulers of the Emirates,” said Sheikh Mohammad. “I always meet with Shaikh Khalifa, and every single time he inquires about the living conditions of Emiratis. Our talks always focus on ways to provide citizens with a good life. We will never rest until every Emirati is settled in his home, and Shaikh Khalifa is our leader as we follow this approach.

“The Zayed Housing Programme (ZHP) is named after the late Shaikh Zayed Bin Sultan Al Nahyan, which always serves as a reminder that the welfare of Emiratis remains the government’s top priority. The primary goal of development is ensuring the happiness, satisfaction and welfare of citizens, and that is why delay is not an option when it comes to housing projects.”

Sheikh Mohammad began his tour in Sharjah, as he followed up on progress made on the Al Syouh residential project being carried out by ZHP.

He was briefed by Al Nuaimi on the $81m (AED301m) eco-friendly project that will provide 406 houses and is 63% complete.

Sheikh Mohammad also toured a number of completed houses and approved the concept and design, and chose ‘Ittihad (the Union) Compound’ as the name of the project.

He then inspected houses that have been completed in the $95m (AED350m) Khalifa Residential Compound project in Dibba Al Fujairah, which will provide 384 houses for Emiratis.

 

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Construction Week - Issue 749
Sep 15, 2019