Following the approval of a Dh65 billion fund for an Emirati housing programme last week, housing loans of up to Dh1 million for Emiratis in the city were announced by the Ruler today.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in a post on Twitter, said,
"We directed the immediate start of allocating 4,000 plots of land and housing for citizens at a cost of Dh5.2 billion."
Quality housing is everyone’s basic right and a top priority for the government, Sheikh Mohammed had said earlier. Providing decent shelter to citizens is part of Dubai’s vision to become the world’s best city to live in, he'd added.
News Source: Khaleej Times
