"It is very difficult for the salaried class, workers and labourers to construct or purchase a house in the cities due to soaring prices of land,” the prime minister told the ceremony in Islamabad on Thursday.
The Mohammed Bin Rashid Housing Establishment (MBRHE) revealed the implementation of five new projects in 2021.
President Joe Biden’s recently announced infrastructure plan calls for the federal government to invest $40 billion in repairing America’s public housing stock, a move that could open a new chapter in the nation’s fraught relationship with public housing.
Defying the second wave of Covid-19 pandemic, end users across India are rushing in to buy readily built homes to take advantage of the multiple sops offered in the market.
The Follow-Up Committee of the Initiatives of the UAE President announced the completion of the works of the development which will feature 323 houses spanning an area of 407,880.4 square metres in the emirate's "Al Suyoh 16" area.
The UAE real estate sector is taking a big picture view of digital transformation, with an emphasis on empowering user experiences, sustainability and real time efficiencies.
Addressing the ceremony, the prime minister said the mortgage facility has been introduced to provide loans to the people on easy installments so that they could construct the houses. He said negotiations are continuing with the banks to remove any impediments.
Under the directives of President His Highness Sheikh Khalifa Bin Zayed, Sheikh Mohamed Bin Zayed has ordered disbursement of housing loans to citizens and exemption of retirees and families of deceased mortgagors from loan repayments worth a total of Dhs1.1 billion
Sheikh Mohammed says that decent housing is a dignity and a right for everyone and a decent life for the people of the country is the first priority for the government.