Today: 6 May 2025
8 August 2024
1 min read

UAE Cabinet approves new housing units worth Dh2b

The UAE government prioritises the housing sector, which constitutes a critical strategic axis of the federal government’s work in coordination with local governments and relevant authorities…reports Asian Lite News

The Cabinet of the United Arab Emirates, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, approved 2,618 housing approvals worth more than AED 2 billion during the first half of 2024.

This initiative is 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 improving their quality of life.

The UAE government prioritises the housing sector, which constitutes a critical strategic axis of the federal government’s work in coordination with local governments and relevant authorities. This effort aims to provide all means of support and factors of social stability, 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 AED 2 billion. These approvals were distributed between 631 grants worth AED 430.922 million, and 1,987 housing loans and financing worth AED 1.597 billion.

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

ALSO READ: ‘UAE boosts performance in vital economic sectors’

Previous Story

Thousands call for peace after riots

Next Story

New bill seeks to curb Waqf Board powers

Latest from -Top News

UAE Reopens Doors to Lebanon

The prime minister expressed Lebanon’s “utmost gratitude and appreciation to the UAE” and President Sheikh Mohamed bin Zayed Al Nahyan….reports Asian Lite News Lebanon welcomed the decision by the United Arab Emirates

SYRIA RAIDS: Arab League Slams Israel

The Arab League condemned the airstrikes and called on the international community and the United Nations to confront what it described as “repeated violations committed by Israel against the Syrian state.” The

India Rises, Africa Watches 

While struggling economies in Africa engulf themselves in ideological battles and take sides in the tariff battles, nations like India are placing their national interest first and navigating Global Trade challenges in

WAVES 2025: Jaishankar Advocates Cultural Pluralism

External Affairs Minister S. Jaishankar delivered a powerful address at the WAVES 2025 Global Media Dialogue, highlighting the significance of cultural pluralism in shaping global change. Speaking on the second day of
Go toTop

Don't Miss

UAE and Egypt to celebrate 5 decades of ties

Al Gergawi said that the economic cooperation is a main

UAE launches ‘Coders HQ’ to empower coding communities

UAE government has launched the Coders HQ, a new transformational