The Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, approved 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, meeting their needs, enhancing their stability and contributing to improving their quality of life.
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 social stability factors, most notably adequate housing. The number of approvals issued by the program during the first half of this year amounted to 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 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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