H.H. Sheikh Khaled inaugurates AED 3.1 bn North Bani Yas housing project

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has inaugurated phase one of the North Bani Yas housing project, which comprises 1,365 new villas for UAE nationals, valued at AED 3.1 billion.

Spanning an area of 3.1 square kilometres, the project falls under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan.

His Highness also named the wider project as Al Mizn Neighbourhood. Spanning 9.06 square kilometres, the entire development will include 3,453 new villas, showcasing modern designs infused with Emirati heritage. The total investment value of the project is AED 9.3 billion.

Ranging from five to six bedrooms, the villas occupy areas between 425 and 602 square metres per unit, situated on plots of 1,080 square metres each. 

The inaugural phase introduces 12 architectural facades, comprising 820 villas reflecting traditional aesthetics and 545 villas with a contemporary design. It also features 17 parks and recreational areas, a school, five commercial complexes, 15.5 kilometres of bicycle paths, and 89.48 kilometres of pedestrian walkways.

His Highness highlighted that the Al Mizn Neighbourhood project, along with other housing initiatives across Abu Dhabi, reflects a government commitment to building integrated communities that provide essential amenities to meet the needs of Emirati families and further enhance their well-being.

Since its establishment in 2012, ADHA has contributed to the development of government housing for UAE Nationals in Abu Dhabi emirate.

Overseeing the allocation of more than 40,000 residential plots, the authority has ensured the completion of more than 16,000 houses, along with the approval of more than 49,000 housing loans. Additionally, more than 4,000 citizens have benefited from housing loan exemptions, amounting to more than AED 149 billion.