Tuesday, June 2, 2020

Dubai allocates $1.52bn land plots, mortgages to citizens

UAE Business

In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued directives to allocate 3,000 land plots and mortgages worth a total of Dh5.6 billion ($1.52 billion) to UAE citizens.
 
The decision reflects  Sheikh Mohammed's keenness to help Emirati citizens and families live a life of prosperity and happiness, reported state news agency Wam. 
 
The decision, which seeks to provide citizens with housing that meets their needs, is an example of the UAE’s efforts to ensure its people enjoy the highest standards of living, it stated.
 
Director General of Dubai Municipality Dawood Al Hajri said the civic body will start distributing the 3,000 land plots to eligible Emiratis after Eid Al Fitr.
 
Al Hajri said one set of plots will be allotted in a 274 hectare piece of land in Nad Hessa located on Sheikh Mohammed bin Zayed Road, while the second set of plots will be allotted in a 128 hectare land in Al Aweer located on Emirates Road.
 
It will provide all key services to residents of the area, once the plots get distributed. These include amenities and utilities of the highest international standards,, he added