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Arabian Post
21-05-2025
- Business
- Arabian Post
Dubai's Housing Vision Expands with 17,000-Unit Development
Arabian Post Staff -Dubai Dubai has embarked on a significant affordable housing initiative, aiming to construct over 17,000 residential units across six locations in the emirate. This development is a collaborative effort between the Roads and Transport Authority , Dubai Municipality, and Wasl Group, aligning with the Dubai 2040 Urban Master Plan. The first phase of the project encompasses areas including Me'aisem 1, Al Twar 1, Al Qusais Industrial Area 5, and Al Leyan 1, covering approximately 1.46 million square metres. The housing units are intended for skilled professionals of various nationalities employed in both public and private sectors. The initiative seeks to provide quality housing options at affordable rental rates, enhancing living standards and supporting the city's economic growth. ADVERTISEMENT Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, witnessed the signing of the agreement. He emphasized that the project supports the Dubai 2040 Urban Master Plan and aligns with the city's affordable housing policy, aiming to improve living standards for the workforce and reinforce Dubai's status as a premier city to live and work. Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of the RTA, highlighted that housing remains a key priority under the leadership's guidance. He stated that the Affordable Housing Programme is one of the government's pioneering initiatives aimed at enhancing community well-being and quality of life, aligning with the UAE's designation of 2025 as the 'Year of Community'. Marwan Ahmad bin Ghalita, Director General of Dubai Municipality, noted that the affordable housing projects reflect the vision of building a cohesive and prosperous society. He mentioned that these projects are a significant step in developing sustainable urban centres, contributing to inclusive, healthy communities equipped with comprehensive services and recreational facilities. Hesham Abdulla Al Qassim, CEO of Wasl Group, expressed the company's commitment to shaping a future where inclusive urban living is a reality for all. He stated that the collaboration with RTA and Dubai Municipality represents a strategic step forward in delivering sustainable, high-quality housing solutions, supporting the goals of the Dubai 2040 Urban Master Plan. The initiative also aligns with the '20-Minute City' concept, aiming to ensure connectivity to the city centre and access to essential services within a short commute. By optimizing land use and developing residential models tailored to diverse community needs, the project aspires to enhance productivity, reduce commuting times, and improve overall employee satisfaction and well-being.
Zawya
21-05-2025
- Business
- Zawya
Sheikh Hamdan witnesses signing of agreement to implement affordable housing projects in Dubai
DUBAI: H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, witnessed the signing of an agreement to implement a series of affordable housing projects in the emirate. The agreement was signed between the Roads and Transport Authority (RTA), Dubai Municipality, and Wasl Group. Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of the RTA, and Chairman of the Supreme Committee for Urban Planning, signed the agreement on behalf of the RTA. Marwan bin Ghalita, Director General of Dubai Municipality, signed on behalf of the Municipality, while Hesham Abdulla Al Qassim, Chief Executive Officer of Wasl Group, signed on behalf of Dubai Real Estate Corporation (DREC).. The agreement follows a directive from The Executive Council of Dubai to allocate land for affordable housing projects, in line with the Dubai 2040 Urban Master Plan and the objectives of the Affordable Housing Policy. The policy aims to develop vibrant, healthy communities; support urban centres that drive key economic sectors; diversify employment opportunities; and address the housing and service needs of residents across income levels. It also seeks to provide diverse, high-quality housing options that meet approved standards, ensure connectivity to the city centre, offer access to essential services, and align with the '20-Minute City' concept. The first phase of the housing projects covers six areas across Me'aisem 1, Al Twar 1, Al Qusais Industrial Area 5, and Al Leyan 1, with a combined area of approximately 1.46 million square metres. The development will deliver more than 17,000 residential units, catering to skilled professionals of various nationalities working in strategic positions in both public and private sectors. The overall objective is to provide suitable housing options at affordable rental rates, optimise land use, and develop residential models tailored to diverse community needs. Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of the RTA, and Chairman of the Supreme Committee for Urban Planning, said: 'Housing remains a key priority under the guidance of our leadership, reflecting their commitment to enhancing community well-being and quality of life. The Affordable Housing Programme is one of the Dubai Government's pioneering initiatives aimed at supporting individual and family welfare, while promoting a balanced lifestyle. The launch of the programme also aligns with the UAE's designation of 2025 as the 'Year of Community'.' He added: 'The Programme supports the objectives of the Dubai 2040 Urban Master Plan, which envisions Dubai as the world's best city to live in, offering integrated, accessible, and high-quality housing solutions. It also contributes to reducing commuting times between residences and workplaces, helping to lower the cost of living, enhance productivity, and improve employee satisfaction and well-being.' Marwan Ahmad bin Ghalita, Director General of Dubai Municipality, said: 'The affordable housing projects reflect the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to build a cohesive and prosperous society and position Dubai as the best city in the world to live and work. This vision is driven by a commitment to providing a world-class quality of life within vibrant and empowered communities, enabling residents to grow sustainably, realise their aspirations, and sustain their success.' He added: 'The new projects introduced under the Affordable Housing Policy, launched under the directives of HH Sheikh Hamdan bin Mohammed, represent a major step in developing sustainable urban centres that will shape the future of housing in Dubai and support the goals of the Dubai 2040 Urban Master Plan. These projects will also contribute to building inclusive, healthy communities equipped with comprehensive services and recreational facilities that meet residents' needs. In parallel, they will support job creation, stimulate economic and commercial activity, and strengthen sustainable urban planning—enhancing Dubai's attractiveness, resilience, and liveability.' Hesham Abdulla Al Qassim, Chief Executive Officer, Wasl Group, said: 'At Wasl, we are committed to shaping a future where inclusive urban living is a reality for all. Our collaboration with RTA and Dubai Municipality represents a strategic step forward in delivering sustainable, high-quality housing solutions. Insights from the recent 'Bridges of Communication' workshop have reinforced the importance of unified efforts in addressing housing affordability. This MoU underscores our commitment to advancing initiatives that support the Dubai 2040 Urban Master Plan and contribute to shaping a cohesive, sustainable, and future-ready urban landscape.'
Zawya
21-05-2025
- Business
- Zawya
Wasl in deal to develop 17,000 affordable homes in Dubai
Dubai's Roads and Transport Authority (RTA) has signed agreements with Dubai Municipality and leading developer Wasl Group to implement a series of affordable housing projects across the emirate in line with the 2040 Urban Master Plan. According to RTA, the first phase of the housing projects covers six areas across Me'aisem 1, Al Twar 1, Al Qusais Industrial Area 5, and Al Leyan 1, with a combined area of approximately 1.46 million sq m. The development will deliver more than 17,000 residential units, catering to skilled professionals of various nationalities working in strategic positions in both public and private sectors. The overall objective is to provide suitable housing options at affordable rental rates, optimise land use, and develop residential models tailored to diverse community needs, it stated. Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of the RTA, signed the agreement with Marwan bin Ghalita, Director General of Dubai Municipality and Hesham Abdulla Al Qassim, the CEO of Wasl Group, in the presence of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai. The deal comes following a directive from The Executive Council of Dubai to allocate land for affordable housing projects, in line with the Dubai 2040 Urban Master Plan and the objectives of the Affordable Housing Policy. The policy aims to develop vibrant, healthy communities; support urban centres that drive key economic sectors; diversify employment opportunities; and address the housing and service needs of residents across income levels, said the statement. It also seeks to provide diverse, high-quality housing options that meet approved standards, ensure connectivity to the city centre, offer access to essential services, and align with the '20-Minute City' concept, it added. Al Tayer said: "Housing remains a key priority under the guidance of our leadership, reflecting their commitment to enhancing community well-being and quality of life. The Affordable Housing Programme is one of the Dubai Government's pioneering initiatives aimed at supporting individual and family welfare, while promoting a balanced lifestyle." "The launch of the programme also aligns with the UAE's designation of 2025 as the 'Year of Community'," he stated. Bin Ghalita said the new projects represent a major step in developing sustainable urban centres that will shape the future of housing in Dubai and support the goals of the Dubai 2040 Urban Master Plan. "These projects will also contribute to building inclusive, healthy communities equipped with comprehensive services and recreational facilities that meet residents' needs. In parallel, they will support job creation, stimulate economic and commercial activity, and strengthen sustainable urban planning - enhancing Dubai's attractiveness, resilience, and liveability," he added. Al Qassim said: "At Wasl, we are committed to shaping a future where inclusive urban living is a reality for all. Our collaboration with RTA and Dubai Municipality represents a strategic step forward in delivering sustainable, high-quality housing solutions." "Insights from the recent 'Bridges of Communication' workshop have reinforced the importance of unified efforts in addressing housing affordability," he stated. "This MoU underscores our commitment to advancing initiatives that support the Dubai 2040 Urban Master Plan and contribute to shaping a cohesive, sustainable, and future-ready urban landscape," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
20-05-2025
- Business
- Trade Arabia
Wasl in deal to develop 17,000 affordable homes in Dubai
Dubai's Roads and Transport Authority (RTA) has signed agreements with Dubai Municipality and leading developer Wasl Group to implement a series of affordable housing projects across the emirate in line with the 2040 Urban Master Plan. According to RTA, the first phase of the housing projects covers six areas across Me'aisem 1, Al Twar 1, Al Qusais Industrial Area 5, and Al Leyan 1, with a combined area of approximately 1.46 million sq m. The development will deliver more than 17,000 residential units, catering to skilled professionals of various nationalities working in strategic positions in both public and private sectors. The overall objective is to provide suitable housing options at affordable rental rates, optimise land use, and develop residential models tailored to diverse community needs, it stated. Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of the RTA, signed the agreement with Marwan bin Ghalita, Director General of Dubai Municipality and Hesham Abdulla Al Qassim, the CEO of Wasl Group, in the presence of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai. The deal comes following a directive from The Executive Council of Dubai to allocate land for affordable housing projects, in line with the Dubai 2040 Urban Master Plan and the objectives of the Affordable Housing Policy. The policy aims to develop vibrant, healthy communities; support urban centres that drive key economic sectors; diversify employment opportunities; and address the housing and service needs of residents across income levels, said the statement. It also seeks to provide diverse, high-quality housing options that meet approved standards, ensure connectivity to the city centre, offer access to essential services, and align with the '20-Minute City' concept, it added. Al Tayer said: "Housing remains a key priority under the guidance of our leadership, reflecting their commitment to enhancing community well-being and quality of life. The Affordable Housing Programme is one of the Dubai Government's pioneering initiatives aimed at supporting individual and family welfare, while promoting a balanced lifestyle." "The launch of the programme also aligns with the UAE's designation of 2025 as the 'Year of Community'," he stated. Bin Ghalita said the new projects represent a major step in developing sustainable urban centres that will shape the future of housing in Dubai and support the goals of the Dubai 2040 Urban Master Plan. "These projects will also contribute to building inclusive, healthy communities equipped with comprehensive services and recreational facilities that meet residents' needs. In parallel, they will support job creation, stimulate economic and commercial activity, and strengthen sustainable urban planning - enhancing Dubai's attractiveness, resilience, and liveability," he added. Al Qassim said: "At Wasl, we are committed to shaping a future where inclusive urban living is a reality for all. Our collaboration with RTA and Dubai Municipality represents a strategic step forward in delivering sustainable, high-quality housing solutions." "Insights from the recent 'Bridges of Communication' workshop have reinforced the importance of unified efforts in addressing housing affordability," he stated.
Dubai Eye
20-05-2025
- Business
- Dubai Eye
Dubai launches 'affordable housing' project for skilled professionals
Dubai has launched "affordable housing projects" for working professionals in key public and private sector roles in an effort to "improve living standards for (the city's) workforce". Making the announcement on Tuesday, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, said the move supports "the Dubai 2040 Urban Master Plan and aligns with the city's affordable housing policy". It will be carried out in collaboration between Roads and Transport Authority, Dubai Municipality and Wasl Group. The first phase "will see the development of more than 17,000 homes for skilled professionals of various nationalities working across public and private sectors," Sheikh Hamdan added. It will cover six areas in Me'aisem 1, Al Twar 1, Al Qusais Industrial 5, and Al Leyan 1, spanning 1.46 million square metres. "Our goal is to offer quality housing that improves living standards for Dubai's workforce and strengthens its status as one of the world's best cities to live and work," Sheikh Hamdan added. I witnessed the signing of an agreement, focused on implementing a series of affordable housing projects, between RTA, Dubai Municipality, and Wasl Group. This initiative supports the Dubai 2040 Urban Master Plan and aligns with the city's affordable housing policy. The first… — Hamdan bin Mohammed (@HamdanMohammed) May 20, 2025
