UAE approves housing approvals worth over AED 2 billion

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The housing sector is one of the vital areas that has been a priority since the establishment of the UAE.

I depend UAE Cabinet Headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, 2,618 housing approvals worth more than AED 2 billion during the first half of this year, as part of the UAE’s ongoing efforts to provide a decent life and suitable housing for all citizens in a way that meets their needs, enhances their stability and contributes to improving their quality of life.

The number of approvals issued by the programme during the first half of this year reached 2,618 housing approvals worth more than 2 billion dirhams, distributed between 631 grants worth 430 million and 922 thousand dirhams, and 1,987 housing loans and financing worth 1 billion and 597 million dirhams.

The UAE government gives top priority to the housing file, which constitutes an important strategic axis of the federal government’s work in coordination with local governments and relevant authorities, with the aim of providing all means of support and factors of social stability, foremost of which is adequate housing.

The housing sector is one of the vital areas that has been a priority since the establishment of the UAE, which is one of the fastest growing countries in the world. This rapid growth requires good planning and integrated investment in the housing sector to meet the needs of its citizens.

 

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