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Sheikh Khaled Unveils Dh3.1 Billion North Bani Yas Housing Project

Photo : Abu Dhabi Media Office

Crown Prince Sheikh Khaled bin Mohamed of Abu Dhabi has officially inaugurated the first phase of the Dh3.1 billion ($844 million) North Bani Yas housing project, designed specifically for UAE citizens. Spanning an expansive 3.1 square kilometers, this ambitious development encompasses 1,365 villas characterized by contemporary designs infused with Emirati heritage elements. Situated on spacious 1,080-square meter plots, these villas offer residents the choice between five or six-bedroom configurations.

In addition to the luxurious residences, the North Bani Yas project will feature an array of amenities designed to enhance the quality of life for its inhabitants. These amenities include 17 meticulously landscaped parks and recreational areas, a state-of-the-art school, five commercial complexes, 15.5 kilometers of dedicated bicycle paths, and an extensive network of 89.48 kilometers of pedestrian walkways.

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The North Bani Yas development is just one component of the larger Dh9.3 billion residential project, aptly named Al Mizn Neighbourhood by Sheikh Khaled. Encompassing a total area of 9.06 square kilometers, this ambitious initiative will ultimately comprise 3,453 villas, further solidifying Abu Dhabi's commitment to providing high-quality housing solutions for its citizens. These housing endeavors are in alignment with the directives of President Sheikh Mohamed, aimed at ensuring the well-being, stability, and security of Emirati families.

During his visit to the North Bani Yas development, Sheikh Khaled conducted a comprehensive review of the design plans for the Al Mizn Neighbourhood, underscoring his personal commitment to the success of this monumental undertaking. Earlier this year, Sheikh Khaled demonstrated his unwavering support for Emirati citizens by approving a Dh2.18 billion housing benefits package, providing essential financial relief to 1,502 individuals. This package includes exemptions for senior citizens, retired individuals with limited incomes, and families of deceased citizens from housing loan payments, totaling more than Dh98 million for 95 beneficiaries.

Since its inception in 2012, the Abu Dhabi Housing Authority has been instrumental in facilitating access to housing for Emirati citizens. To date, the authority has overseen the allocation of more than 40,000 residential plots, ensured the completion of over 16,000 houses, and approved 49,000 housing loans. Moreover, Sheikh Khaled's visionary leadership extends beyond housing, as evidenced by his recent approval of the Dh3.5 billion Yas Canal project for Al Raha Beach. This transformative initiative, slated for completion by the last quarter of 2027, will deliver 1,146 villas, further enhancing the residential landscape of Abu Dhabi.

Through strategic investments in housing and infrastructure, Abu Dhabi continues to prioritize the well-being and prosperity of its citizens, laying the foundation for a vibrant and sustainable future.

May 30, 2024 4:30 p.m. 478

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