The ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, said that the UAE is planning to build tens of thousands of housing units for citizens, and that the government has allocated 32 billion dirhams, or the equivalent of 8. $ 7 billion for that.

The ruler of Dubai tweeted on Twitter that the plan includes the construction of 34 thousand housing units, during the next six years, and he added that it was decided to raise the ceiling of the salary of those entitled to housing grants, from ten Thousands to 15,000 dirhams, and housing loans, from 800,000 to 1.2 million dirhams.

It is reported that the Executive Director of the Mohammed Bin Rashid Housing Establishment, Sami Gargash, announced late last year that the Foundation was going to outsource housing loans to national banks, so that the institution would issue approval The loan is granted to the beneficiary, and the bank pays him the value of the loan, as a good loan without interest, or he pays the value of the loan and the difference in the cost of building the house, so that he gives him the additional amount on the value of the loan at a preferential price, as part of Yusr’s initiative that was recently launched by the institution, and reached its third stage, In the framework of the partnership between the Foundation and a number of banks,