November 21, 2023
1 min read

Abu Dhabi Unveils Mega Housing Project for Emiratis

Part of the “Emirati Neighbourhood Initiative”, the project has been developed “with the highest international standards”…reports Asian Lite News

As part of a government initiative to offer high-quality residences to citizens, Abu Dhabi has revealed a massive housing development, delivering over 300 new homes to Emiratis.

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has inaugurated the emirate’s Al Wathba housing project, which features 347 homes built at a cost of AED1.1 billion ($299 million).

Part of the “Emirati Neighbourhood Initiative”, the project has been developed “with the highest international standards” and it features sustainable designs that seek to improve the citizens’ overall wellbeing and quality of life, according to a statement.

Since its establishment, the Abu Dhabi Housing Authority has provided more than 39,000 residential plots and more than 16,000 new homes to beneficiaries. So far, the total value of housing benefits delivered has reached AED141 billion ($38.4 billion).

The latest housing allocation is spread across 875,000 square metres and includes various community facilities, such as four commercial complexes and 64 shops. The development also has 15 parks and four mosques that can accommodate 1,725 people.

“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 approved more than 44,000 housing loans and facilitated housing loan exemptions for 4,000 beneficiaries.

During the third quarter of the year, Abu Dhabi’s real estate market saw the delivery of 1,000 residential units spread across several communities, according to Asteco.

ALSO READ: Amity Honours Top UAE Professionals

ALSO READ: UAE Aims to Reduce Food Loss and Waste by 50% by 2030

Previous Story

‘Let Cinema and Critiques Have Their Own Journey’

Next Story

Myanmar A Difficult Problem For ASEAN: Marcos

Latest from -Top News

Putin, Trump Hold Call on Ukraine

During the discussions, Trump briefed Putin about the dialogue he had with Ukrainian President Volodymyr Zelensky…reports Asian Lite News Russian President Vladimir Putin and US counterpart Donald Trump spoke by phone on

India’s Healing Touch Reaches Guyana

The initiative, backed by the Indian High Commission in Georgetown, stands as a testament to India-Guyana friendship …reports Asian Lite News Fulfilling Prime Minister Narendra Modi’s pledge, India has delivered artificial limbs

Doval Meets Wang Yi in Delhi

The meetings could see both sides deliberate on a range of key issues, including the border situation, trade and resumption of flight services….reports Asian Lite News National Security Advisor Ajit Doval met

Gang Violence, Khalistan Extremism Put Canada on Edge

gang-driven extortion and Khalistani extremism, threatening public safety, community trust, and bilateral ties with India…reports Asian Lite News Canada is grappling with a nexus of gang-led extortion and Khalistani extremism that threatens
Go toTop

Don't Miss

UAE, US sign deal to boost customs cooperation

Ali Mohammed Al Shamsi stated that the agreement will strengthen

UAE-India Partnership: Serving 3.8 Billion People

The UAE-India partnership is a driver for economic growth that