Abu Dhabi announces Dh106 bn housing plan for citizens

Staff Report

Dubai, UAE

More than 40,000 homes and residential plots will be built for Emiratis in Abu Dhabi as part of a Dh106 billion housing plan, according to a news report by Emirates News Agency (WAM) revealed. The plan entails the development of 13 residential communities, which will be overseen by Abu Dhabi Housing Authority and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) in partnership with several developers. The announcement was made in the presence of UAE President Sheikh Mohamed bin Zayed Al Nahyan.

As many as 25,244 housing units will be constructed over the next five years, at a total cost of Dh94 billion. In addition, Dh12 billion has been allocated for the development of approximately 14,876 residential plots.

The projects will feature fully integrated residential communities and neighbourhoods, offering a full range of essential services, community facilities, and recreational spaces. These will include commercial centres, mosques, schools, public parks, green areas, and sports facilities – all designed to align with sustainability goals.

According to WAM, Mohamed Ali Al Shorafa, Chairman of Abu Dhabi Housing Authority, noted that the agreements reflect the vision of the President to strengthen family and social stability by providing housing that meets the aspirations of Emirati citizens and supports their overall wellbeing. He highlighted that the initiative also aligns with the objectives of the Year of Community, which aims to deepen family bonds and promote values of social cohesion.

The new lot of projects will complement the existing developments being carried out by Abu Dhabi Housing Authority, pushing the total count of homes and plots to 45,000, all scheduled for completion by 2029.

Out of the 13 communities in the plan, Abu Dhabi city will host six, providing a total of 14,444 housing units at a combined cost of Dh55.38 billion. These will be delivered by Aldar Properties, Bloom Holding, and Modon Properties.

In addition, five residential communities will be built in Al Ain, offering 10,480 housing units at a total cost of Dh36.95 billion. These will be carried out in partnership with Aldar Properties, Bloom Holding, Lead Development, and Imkan Properties.

In Al Dhafra Region, Aldar Properties will undertake two housing projects in Al Sila and Madinat Zayed, providing 320 homes at a total cost of Dh1.59 billion.

Maysarah Mahmoud Eid, Director-General of the Abu Dhabi Projects and Infrastructure Centre, stated that the agreements reflect the Abu Dhabi Government’s strong commitment to ensuring a dignified quality of life for citizens. He noted that providing high-quality housing plays a vital role in strengthening family and social stability, in line with the emirate’s sustainable development plans and the leadership’s ambitious vision.

Ends

Also read: IREIS in Abu Dhabi highlights capital’s US$758 billion active projects portfolio

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