Mega-Affordable Housing: New Homes Initiative In Dubai

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luxury spaces - Mar 27 - Business - #uaerealestate applikeStreamEast - 12 views - 0 Comments - 0 Likes - 0 Reviews

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Dubai has taken a major initiative to address the problem of affordable housing by stating a comprehensive proposal to build 17,080 affordable homes. The project forms a key feature of Dubai’s affordable housing scheme and is aligned with the larger Dubai 2040 Urban Master Plan. Guided by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai’s Crown Prince, this project illustrates a genuine commitment to enhancing the lives of Dubai’s diverse citizenry.

What You Need to Know About the Affordable Housing Initiative

Development plans involve using 1.46 million square meters of land across carefully chosen sites in Dubai, including Al Mueisim 1, Al Twar 1, Al Qusais Industrial 5, and Al Leyan 1.

These locations were identified for their ability to encourage energetic and integrated communities, and to satisfy the growing need for affordable places to live in the city.

The housing is being created to be both accessible in price and of excellent standard, demonstrating Dubai’s contemporary look and dedication to sustainable living. The purpose of this project is to aid the city’s economic progress by attracting and keeping highly competent professionals.

What’s New? Recent Advances in These Sectors

Al Mueisim 1: High-Growth Opportunity for Investors

In the Al Muesim 1 area, there are a number of properties currently under construction that are attracting interest from potential buyers.

- Samana Resorts 2: This property provides a selection of living spaces, including studios, one-bedroom apartments, and two-bedroom apartments. These units offer a range of sizes, starting from 428 square feet and extending up to 1,607 square feet. The pricing for these residences begins at AED 678,000.
- Viera Residences by Vantage: The development also includes studio, one-bedroom, and two-bedroom apartments with interior dimensions ranging from 391 square feet to 1,343 square feet.

Best Residential Options in Al Twar 1 – Find Your Perfect Home

Al Twar 1 features a diverse selection of Off-Plan Project developments:

- Danube Glamz Residence: Situated in the Al Twar area, this development features both villas and apartments, and purchasing options include adaptable payment schedules.
- Al Twar 1 Villas: The villa offerings within this project come in different layouts, and their prices span from AED 425,000 up to AED 1.14 million.

Al Qusais Industrial 5: Development of commercial and residential for investment

Why Al Qusais Industrial 5 is Dubai’s Next Hotspot for Off-Plan Investments:

- Land Plots: There are available plots of land, approximately 13,100 square feet in size, that can be used for building homes or businesses, and they are listed at AED 15 million.
- Residential Units: You can find apartments that come with information about service fees, layouts of the rooms, and details about mortgages to help you make a well-informed choice.

Al Qusais Industrial 5, Dubai: A Prime Hub for Business & Residential Investment

Maximizing Impact: Strategic Execution & High-Value Partnerships

Managing this mega residential project entails the joint efforts of a number of crucial organizations. They are the Dubai Land Department, the Dubai Municipality, the Roads and Transport Authority, and other government agencies. The joint effort is devised to enable a streamlined flow of work and the effective use of resources. Through close coordination among themselves, these organizations try not to duplicate efforts and make the project run smoothly and efficiently. The integrated approach is considered crucial towards the successful execution of a project of this size and complexity so that coordination and management are enhanced throughout the process.

One key organization in this project is the Supreme Committee for Urban Planning, which plays a crucial role in directing the development. This committee oversees the project’s advancement and ensures that it is in harmony with the larger, long-term urban development schemes of the city. The committee’s input is crucial in order to incorporate the new residential areas into the current urban setting of Dubai effectively. Their management ensures infrastructure, amenities, and transport connectivity are properly thought out and realized, leading to an integrated and well-planned development of the city. Such strategic coordination with the overall vision of the city is a decisive aspect of the project’s success and its positive contribution to Dubai over the long term...Read More

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