AED 5.6 billion worth property benefits for eligible UAE nationals

iStock [illustration]

In a new directive, the ruler of Dubai has allocated 3,000 land plots and mortgages worth a total of AED 5.6 billion for eligible UAE nationals.

The decision by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, reflects his keenness to help Emirati citizens and families live a life of prosperity and happiness.

According to the Director General of Dubai Municipality Dawood Al Hajri, one set of plots will be allotted in a 274 hectare piece of land in Nad Hessa, while the second set of plots will be in a 128 hectare land in Al Aweer.

The plots will be distributed after Eid Al Fitr, he said.

More from Local

Coming Up on Dubai Eye

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

  • Entertainment Extra

    1:00pm - 2:00pm

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.