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Dubai Ruler approves $1.9bn budget to build homes for Emiratis

Up to 7,270 homes, built across various parts of the UAE, will be delivered up to 2021, it was confirmed

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, announced the decision during a cabinet meeting [image: Twitter/HHShkMohd].
HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, announced the decision during a cabinet meeting [image: Twitter/HHShkMohd].
The construction of 7,270 homes for Emiratis has been approved by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai [representational image].
The construction of 7,270 homes for Emiratis has been approved by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai [representational image].

A budget worth $1.91bn (AED7bn) has been approved to develop 7,270 homes for Emiratis. 

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, approved the construction project. 

READ: Nearly 77% of UAE nationals seek modern home designs

Spanning across the UAE, the homes will be delivered up to 2021. 

Commenting during a cabinet meeting at the Presidential Palace, Sheikh Mohammed said that up to 80% of Emiratis own homes, adding that this figure was among the world's highest. 

"We have issued instructions to provide Emirati residential neighbourhoods with the latest infrastructure that takes into consideration sustainability specifications and [the] provision of green environments, as well as a healthy and clean atmosphere," he continued. 

"Having your own home ensures families’ tranquility and living a decent life. Our financial resources will remain harnessed for [citizens'] service, and our human cadres are working for their benefit.

"Our government will continue to measure their success and happiness," Sheikh Mohammed added, according to Dubai Media Office

The UAE Cabinet also issued a resolution on community green spaces, which have been planned for educational, residential, and government facilities in the country. 

In line with the UAE's Vision 2021, these green spaces are part of an effort to establish an integrated lifestyle and develop diverse social and cultural activities, WAM reported.

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Construction Week - Issue 754
Nov 23, 2019