H.H. Sheikh Mohammed approves AED 65 billion housing budget for Emiratis

Wednesday, September 22nd, 2021 2:51pm

By ARN News Staff

@DXBMediaOffice/ Twitter (File photo)

A housing budget worth AED 65 billion has been approved for Emiratis in Dubai.

The initiative will be personally supervised by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The funds will be allocated over the next 20 years with the number of beneficiaries increasing four-fold.

Sheikh Mohammed has also approved additional land plots sufficient for citizens to live in for the next twenty years.

"Decent housing is a dignity and a right for all. A decent life for the people of the country is the first priority of the government," His Highness said on Twitter.

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