UAE to Invest $953 Million in Housing for Citizens in Abu Dhabi

UAE to Invest $953 Million in Housing for Citizens in Abu Dhabi

Abu Dhabi is set to embark on a monumental endeavor, with plans underway to construct a housing project valued at AED 3.5 billion ($953 million) to accommodate over a thousand UAE citizens.

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Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, also the Chairman of the Abu Dhabi Executive Council, has greenlit the commencement of the Yas Canal residential project in Al Raha Beach, comprising 1,146 meticulously designed villas.

Scheduled for completion in the final quarter of 2027, this ambitious project falls under the jurisdiction of the Abu Dhabi Housing Authority, in collaboration with the ICT Real Estate Development Company and the Abu Dhabi Centre for Projects and Infrastructure.

Read this also : Yas Canal Residential Project Approved for Dh3.5 Billion in Abu Dhabi 

Spanning over 1.8 square kilometers, the Yas Canal residential project will not only feature luxurious villas but also include essential amenities such as a school, gym, three mosques, and various shops, catering to the holistic needs of its residents.

The villas, ranging from 350 to 525 square meters in size and offering three to six bedrooms, will be situated on generously sized lots ranging from 600 to 780 square meters.

To facilitate homeownership, residents have the option to secure a housing loan from the Abu Dhabi Housing Authority, ensuring accessibility and inclusivity within this vibrant community.

In essence, the Yas Canal residential project symbolizes Abu Dhabi’s unwavering commitment to providing high-quality housing solutions for its citizens, underscoring the emirate’s dedication to fostering sustainable development and enhancing the overall well-being of its populace.

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