Major handover begins on behalf of the Mohammed bin Rashid Housing Establishment
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued directives to allocate 8,500 land plots to Emirati citizens in the Al Yalayis 5 area.
These plots, which are spread over an area of 120m sqft are being handed over to key beneficiaries of a national housing programme.
The first phase of allocation of land plots will begin immediately (slated for 28 February). Citizens who have received the approval of the Mohammed bin Rashid Housing Establishment are eligible to obtain land plots.
In mid September 2022, Sheikh Hamdan launched an integrated housing plan for Dubai nationals and, in early January 2023, Bahrain invited developers to bid for the construction of 700 residential units.
The development of the Al Yalayis 5 area is designed not only to provide high-quality housing, but to encourage and facilitate recreation and wellness. It will include 10km of green areas for walking and sports activities, as well as a gym and cycling and running tracks. These tracks will use the latest technologies to offer ideal conditions for exercise and are located in a purpose-designed enclave secluded from traffic.
The area will also evolve into a complete mixed-use community, offering a range of high-quality entertainment and retail offers. It is being developed as an integrated, ‘greenfield’ site and is one of a planned series of housing opportunities being offered to nationals by the UAE government.
In late January 2023, Saudi’s PIF and Samsung C&T partnered to develop construction tech and modular housing.