Sheikh Mohammed bin Rashid Al Maktoum has recently approved the construction of 34,000 housing units for Emiratis in the United Arab Emirates at a cost of AED 32 billion.
The instructions came from President Sheikh Khalifa, and the units are due to be delivered by 2025.
The Deputy Ruler of Dubai also announced that Emiratis with salaries of up to 15,000 dirhams per month would now be eligible for a housing grant.
Previously, only UAE nationals with a salary of AED 10,000 were eligible for a loan from the Sheikh Zayed Housing Program.
Emiratis living in residential districts increased from AED 800,000 to AED 1.2 million, depending on the value of the property in the UAE. This is definitely a big advantage for us to help and support UAE nationals, to build their dream homes.
BAK has since its foundation in 2011 as a construction company specializing in villa construction, has undertaken to transform the conceptual imagination into a functional reality by ensuring that all basic requirements are fully met based on international standards and local authority with BAK utilizing its expertise in Architecture, Interior Decoration, MEP, Project Management, Robotics, and Artificial Intelligence all combined. This has ensured to achieve the dreams of its customers. BAK so far manages more than 30 projects for UAE nationals in different areas of Dubai and with UAE governments continued support we will provide excellence in our service delivery.