Mohammed bin Rashid Housing Establishment (MBRHE) plans new 2300 houses for nationals
To create more affordable housing projects for UAE Nationals, the Mohammed bin Rashid Housing Establishment (MBRHE) tied up on Wednesday with Arab Tech Construction in a Memorandum of Understanding aiming at constructing 2,300 houses to be located across Dubai. The construction of these projects, worth Dh 3 billion, are to take immediate effect with the release of the completed houses to be made in phases.
In a short ceremony held yesterday at the Grand Hyatt Dubai, Engineer Rashid Mohammed Al-Mutawwa, MBRHE Executive Director, and Riyad Kamal, CEO of Arab Tech Construction, signed an (MoU) in the presence of a number of official delegates from the two organizations.
The construction will start in four project areas located across Dubai. Over the next four years these projects will be released to the tenants and occupiers upon the completion of the projects. The first project consists of 252 houses in Barsha to be released in two phases; the first of which will see the release of 110 houses within the next 21 months and the second phase of the remaining 142 houses will take place three months later.
The second project for 504 houses in the al warqa 4 will be released in four phases; phase 1 will see 100 houses released within the next 21 months, phase 2 within 24 months consisting of a further 125 houses, phase 3 another 177 houses within 28 months, and in the last phase of the project the remaining 110 houses in 31 months time.
The third project consists of 325 houses in the Oud Matina district will be release in two phases; the first of which will release 125 in 25 months and the remaining houses in the second phase in 29 months.
The last and largest project in the Barsha will consist of 1,209 houses release in six phases; Phase 1 will release 180 houses within 27 months, Phase 2 another 158 houses in 30 month, Phase 3 an additional 186 houses within 33 months, Phase 4 will release 253 houses within 36 months, Phase 5 a further 186 within 39 months and lastly the remaining 246 houses within 42 months.
Engineer Al Mutawwa said: "His Highness Shaikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai aims to provide UAE Nationals with affordable and luxurious housing. His Highness has instructed that the development of these projects to be constructed with great urgency as well as emphasizing that more housing projects are required to meet the demands of the UAE Nationals. For this reason, MBRHE has implemented these directions with great urgency and with top priority in order to fulfill the visions and wishes of His Highness."
In a short ceremony held yesterday at the Grand Hyatt Dubai, Engineer Rashid Mohammed Al-Mutawwa, MBRHE Executive Director, and Riyad Kamal, CEO of Arab Tech Construction, signed an (MoU) in the presence of a number of official delegates from the two organizations.
The construction will start in four project areas located across Dubai. Over the next four years these projects will be released to the tenants and occupiers upon the completion of the projects. The first project consists of 252 houses in Barsha to be released in two phases; the first of which will see the release of 110 houses within the next 21 months and the second phase of the remaining 142 houses will take place three months later.
The second project for 504 houses in the al warqa 4 will be released in four phases; phase 1 will see 100 houses released within the next 21 months, phase 2 within 24 months consisting of a further 125 houses, phase 3 another 177 houses within 28 months, and in the last phase of the project the remaining 110 houses in 31 months time.
The third project consists of 325 houses in the Oud Matina district will be release in two phases; the first of which will release 125 in 25 months and the remaining houses in the second phase in 29 months.
The last and largest project in the Barsha will consist of 1,209 houses release in six phases; Phase 1 will release 180 houses within 27 months, Phase 2 another 158 houses in 30 month, Phase 3 an additional 186 houses within 33 months, Phase 4 will release 253 houses within 36 months, Phase 5 a further 186 within 39 months and lastly the remaining 246 houses within 42 months.
Engineer Al Mutawwa said: "His Highness Shaikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai aims to provide UAE Nationals with affordable and luxurious housing. His Highness has instructed that the development of these projects to be constructed with great urgency as well as emphasizing that more housing projects are required to meet the demands of the UAE Nationals. For this reason, MBRHE has implemented these directions with great urgency and with top priority in order to fulfill the visions and wishes of His Highness."
The value of each house varies from 1.7 to 2 million dirhams depending on the total square footage and location of the property. The average plot of land is 9,000 square meters. Source
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