A budget of AED 85.4B ($23B) has been approved by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, for the creation of integrated residential neighborhoods.
A statement released by the Abu Dhabi Media Office revealed that a project aimed at enhancing the living standards of Emiratis in Abu Dhabi has been initiated under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi.
The project will provide citizens with 76,000 homes and plots of land within a five-year period. It will not only offer housing and land but will also include a variety of services and facilities for the convenience and enjoyment of Emiratis in Abu Dhabi. Such amenities encompass the establishment and advancement of mosques, schools, public parks, and green spaces.
Abu Dhabi made an announcement last week regarding the commencement of construction on the third phase of the Al Falah housing project, which is solely reserved for Emiratis.
This new phase is being developed on a vast area of 2.1 million sq. m. with a total investment of more than AED 1.92B ($523M). Since 2012, the first and second phases of Al Falah have already provided 4,857 homes to citizens, according to the Abu Dhabi Executive Council.