In periods of economic uncertainty, real estate consistently emerges as a beacon of stability. Unlike more volatile assets, property maintains its intrinsic value and has proven to deliver reliable returns, even amid market fluctuations.
In line with this Sheikh Mohammed Rashid, has approved housing projects worth AED 5.4 billion. These projects will create 3,004 new homes for Emiratis throughout Dubai, reflecting his commitment to improving the living standards and stability of the city’s residents.
The development plan outlines the construction of 1,181 homes in Latifa City, specifically designated for recipients of housing loans. In addition, several other areas will see new properties allocated to grant beneficiaries. These include 606 homes in Al Yalayis 5, 432 in Wadi Al Amardi, 398 in Al Awir, and 1,200 in Hatta’s Makan area. Other locations include 120 homes in Oud Al Muteena and 67 in Dubai’s countryside.
This initiative is in line with the Sheikha Hind bint Maktoum Family Programme, established by Sheikha Hind bint Maktoum bin Juma Al Maktoum. The programme aims to strengthen family stability and promote robust community values.
Sheikh Mohammed highlighted the importance of housing projects for Emirati citizens, reaffirming his commitment to providing exceptional living standards and fostering environments that promote family stability and community well-being. He stated, “Housing programmes for citizens represent a top priority and we are committed to ensuring that our people have the best living standards and all the support they need to foster stable family environments and community wellbeing. People are the foundation of our renaissance, our successful development experience, and the cornerstone of the global standing we have achieved in all respects.”
These initiatives are fully aligned with the objectives outlined in Dubai’s 2040 Urban Master Plan, which places a strong emphasis on sustainability. The plan prioritizes the development of green spaces, recreational facilities, and commercial centers, ensuring that the new housing communities serve the needs of their residents while contributing to the city’s long-term vision of a sustainable and thriving future.
This housing initiative stands as a testament to Dubai’s commitment to its citizens and its strategic focus on cultivating communities centered around family stability and shared values. It exemplifies how thoughtful infrastructure development can significantly contribute to social well-being, ensuring a prosperous future for generations to come.
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