“Today, about 80 percent of our citizens own their own houses, which is among the highest rates worldwide in home ownership,” Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai said today through his official twitter account.
The housing plan was adopted at a UAE Cabinet meeting held today at the Presidential Palace in Abu Dhabi, which was chaired by Sheikh Mohammed. He said the cabinet also directed authorities to provide residential areas with modern infrastructure for citizens, with sustainability specifications that ensure a green environment along with healthy and clean surroundings, in line with global environmental standards.
The Mohammed Bin Rashid Housing Establishment allows the beneficiaries of grants to sell land or houses granted to them under several conditions, including that the purpose of the sale is to buy another plot of land or house, and that the buyer is a UAE national.
(Reporting by Nada Al Rifai; Editing by Michael Fahy)
© ZAWYA 2018