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UAE needs 100,000 affordable homes, Dubai needs 20,000 units immediately

Posted on 07 December 2012

The UAE needs 100,000 affordable homes in the immediate future, of which Dubai requires 20,000 units, with demand in the emirate expected to reach 45,000 homes by 2022, said Mohammad Al Merri, assistant chief executive at the Mohammad Bin Rashid Housing Establishment.
About 50 per cent of Emiratis in Dubai are clients of the Establishment, which provides citizens with interest-free loans and land to build affordable houses, he said on the sidelines of the Mena Mortgage and Affordable Housing Congress on Wednesday………………………………………..Full Article: Source


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