Vice President and Ruler of Dubai, Sheikh Mohammed bin Rashid has approved loans of up to Dh1 million to help Emirati families in Dubai get on the property ladder.
Valued at Dh5.2 billion, the project will see 4,000 homes built.
Several housing areas designed for Emiratis have been completed in the past year. The decision came after Sheikh Mohammed said at the weekend that Dh65 billion would be allocated to Emirati housing in the next 20 years.
In May, a Dh1.264 billion ($344m) housing project for Emiratis was inaugurated in Al Mirfa City, Al Dhafra. In October 2020, a Dh674 million ($183.5m) development was opened in Abu Dhabi. Al Samha project is about a 40-minute drive from Abu Dhabi city centre. The housing project was built for UAE citizens and comprises 250 villas. Al Mughirah housing project spans 2,060,000 square metres. Al Mughirah project on the coast in Al Dhafra includes 410 modern villas designed with features inspired by Emirati culture. Each of the villas is 543 square metres in size and built on a plot of 1,080 square metres. The project also includes four mosques, buildings for 30 shops, 13 parks and beach facilities.
