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Abu Dhabi unveils $299 million housing initiative for Emiratis

The housing project is set to provide over 300 new homes to Emiratis.

Abu Dhabi unveils $299 million housing initiative for Emiratis
[Source photo: Abu Dhabi Media Office | Anvita Gupta/Fast Company Middle East]

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At the forefront of sustainable and inclusive development, the UAE is shaping the future of modern living through its mega-housing projects and a dynamic real estate sector. To provide quality housing for its citizens, Abu Dhabi has unveiled a massive housing development that will deliver over 300 new homes to Emiratis.

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chair of the Abu Dhabi Executive Council, officially inaugurated the Al Wathba housing project. With an investment of $299 million, this initiative features 347 homes.

Known as the “Emirati Neighborhood Initiative,” this project was designed to meet the “highest international standards.” Its plan prioritizes sustainable designs, aiming to offer housing that enhances the overall well-being and lifestyle of the citizens, as outlined in an official statement.

“The Al Wathba housing project signifies the Abu Dhabi Housing Authority’s commitment to delivering the leadership’s directives,” said Mohammed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport and Chairman of Abu Dhabi Housing Authority. “This initiative stands as a cornerstone in guaranteeing citizens’ access to quality housing.”

Since its establishment, the Abu Dhabi Housing Authority has provided over 39,000 residential plots and more than 16,000 new homes to Emirati beneficiaries, with housing benefits amounting to $38.4 billion.

This recent housing allocation spans 875,000 square meters, featuring various community amenities. These include four commercial complexes and 64 shops, along with 15 parks and four mosques with a capacity for 1,725 individuals. Additionally, the Authority has approved 44,000 housing loans, relieving 4,000 beneficiaries by exempting them from housing loan obligations.

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