Latest news with #MohammedBinRashidHousingEstablishment
Khaleej Times
14-06-2025
- Business
- Khaleej Times
Dubai: Grant or loan? Housing assistance for citizens explained
Navigating government housing assistance can be confusing, but it doesn't have to be. Whether you're building your first home, need a prefabricated home, or want to renovate and maintain your existing home, understanding the difference between grants and loans is the first step. Here's what you need to know and how to determine if you qualify. The Mohammed bin Rashid Housing Establishment continues to support Dubai citizens with housing services through two main options: housing grants and housing loans. Each option is designed to meet the needs of applicants based on their income, marital status, and living conditions. According to the Establishment's website, its mission is to provide housing services to those eligible, prioritising and addressing their needs, ensuring a decent life for them, and preserving the characteristics and benefits of the residential communities it establishes. Who Can Apply? Dubai citizens can apply for a grant or loan, subject to several eligibility criteria. Housing grants are generally provided to widows, divorcees with children, people of determination, and low-income families who do not own a property registered in their name in Dubai or other emirates. The applicant must be an Emirati holding a Dubai passport, and the property must be located in Dubai. On the other hand, housing loans are typically granted to citizens with a stable income who are able to repay the loan over a period of time. Applicants must be at least 22 years old, employed in the government or private sector, or self-employed, with proof of income. They must not have previously received housing support from federal or local entities. Married applicants, especially those with children, are given priority for both types of support. In some cases, separated or divorced individuals may apply jointly or individually, depending on the custody status and court rulings. According to WAM, the Foundation's responsibilities include allocating residential land, constructing housing and residential complexes, allocating them to beneficiaries, leasing them, providing soft loans and financial grants necessary for the construction and purchase of housing, and covering the costs of maintenance, additions, or replacement. The Foundation also rehabilitates existing housing for citizens in older areas of the emirate, resettling them in these areas, improving housing services, and undertaking all necessary actions, including the purchase, ownership, reconstruction, or renovation of housing, in coordination with relevant government agencies. Required documents Applicants must prepare a set of official documents, including: A copy of their Emirates ID card and family book Proof of income (such as a salary certificate or bank statement) A valid land title deed or signed approval (if applying for construction support) Marriage certificate (if applicable) Court documents in the event of divorce or custody Medical reports if applying under the category of people with special needs All documents must be submitted through official channels and updated continuously throughout the process. Financial details Eligibility is also affected by the applicant's income. While there is no fixed minimum, grants are typically awarded to those with a monthly income of less than Dh15,000, while loans are granted to those with incomes above this limit, based on their ability to repay. The maximum support provided by the Mohammed bin Rashid Housing Establishment can reach up to Dh1 million, depending on the type of housing product and the assessment of the case. Financial loans are granted to beneficiaries pursuant to a contract concluded between the Establishment and the beneficiary. This contract specifies the loan amount and its purpose, the method, amount, and duration of the collection guarantee, and any other conditions the Establishment deems appropriate. Regarding collection, financial loans are collected in monthly installments, the amount of which is determined according to regulations and standards. The beneficiary's monthly income is taken into account when determining the installment amount, and the full loan repayment period must not exceed twenty-five years. How to apply The process begins by creating an account on the Mohammed bin Rashid Housing Establishment's smart platform or using the Dubai Now app. Applicants must complete the online application form and upload all necessary documents. After submitting the application, it undergoes an initial review phase, followed by a technical and financial evaluation. The Mohammed bin Rashid Housing Establishment also provides advisory support for those unsure of which service is right for them. The Khaleej Times recently reported that the Foundation had implemented a training initiative for citizens on efficient and sustainable housing construction. Participants were provided with a detailed guide covering housing services, construction guidelines, and smart systems, as well as sustainable home management practices. They also learned how to estimate construction costs, determine an appropriate budget, choose the right home dimensions, and align the home design with the family's needs and financial resources. In addition, participants were introduced to the differences between building a new home and purchasing a ready-made home, as well as an overview of available financing options. Types of housing support The Mohammed bin Rashid Housing Establishment offers a variety of housing grants and loans, designed to meet the various stages of a citizen's housing search journey. Among the most common types of grants are: Construction grants for citizens who own land but cannot afford construction costs. Home maintenance grants for families living in old properties that need urgent repairs. Ready-built home purchase grants for low-income families eligible for a ready-built home. Replacement grants for the demolition and reconstruction of unsafe buildings. For housing loans, there are a variety of options to suit different income brackets: Each type has specific conditions, repayment terms (for loans), and technical requirements. The Corporation's responsibilities, also include owning, constructing, leasing, and renting land and real estate; designing and implementing residential units and complexes for beneficiaries, either by itself or through institutions and companies it contracts for this purpose; and designing and implementing service facilities related to these units and complexes, in coordination with relevant government agencies.
Gulf Today
12-06-2025
- Business
- Gulf Today
Dubai begins handing over units of Al Khawaneej 1050 Villas Complex to Emirati families
The Mohammed Bin Rashid Housing Establishment (MBRHE) has announced the commencement of handing over of residential units built under the Al Khawaneej 1050 Villas Project. The move aligns with the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aimed at enhancing the community ethos and providing dignified living conditions for UAE citizens within sustainable and modern residential developments. The project is part of the Establishment's efforts to deliver high-quality, sustainable housing, with designs that reflect a modern interpretation of local architecture while meeting the evolving needs of Emirati families. Mohammad Hassan Al Shehhi, Acting Chief Executive Officer, MBRHE, said that the start of the handover process marks a strategic milestone in realising the Establishment's vision to build integrated residential communities that elevate quality of life and reinforce family stability in the emirate of Dubai. 'This achievement is a tangible reflection of the leadership's vision to provide housing environments that are worthy of Emirati citizens. It is driven by advanced urban planning solutions and a fully digital experience that elevates efficiency and comfort. The Establishment has taken a proactive approach from planning to execution, allocation, and finally, handover — all facilitated through a smart digital system that eliminates the need for paper-based processes,' Al Shehhi said. He added: 'We have successfully transformed the housing handover experience into a seamless, transparent, and secure digital journey — highlighting the evolution of government service delivery and reinforcing public confidence in the housing system. Sustainability, in our view, encompasses not only construction but also the streamlining of processes and the pursuit of governance excellence.' Accent on innovation Al Shehhi reaffirmed the Establishment's commitment to the highest standards and emphasised that future projects would feature increased innovation and flexibility, aligned with Dubai's vision for smart, sustainable urban development. MBRHE has invited beneficiaries of the Al Khawaneej 1050 Villas Project to complete any formalities required as part of the handover process via the digital platform. Technical support teams will be at hand to assist beneficiaries via official communication channels all the way through. The Al Khawaneej 1050 Villas Project is one of the flagship housing initiatives of the MBRHE delivered within a comprehensive vision that supports the Dubai 2040 Urban Master Plan and establishes a sustainable Emirati housing model that promotes community cohesion and elevates the overall standard of living.
Hi Dubai
12-06-2025
- Business
- Hi Dubai
MBRHE Begins Handing Over Villas Under Al Khawaneej 1050 Housing Project
The Mohammed Bin Rashid Housing Establishment (MBRHE) has started handing over residential units under the Al Khawaneej 1050 Villas Project, marking a key milestone in Dubai's efforts to provide high-quality, sustainable housing for Emirati citizens. The handover follows the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to foster strong communities and enhance the quality of life for UAE nationals through modern, family-focused developments. Designed to blend contemporary needs with local architectural heritage, the Al Khawaneej 1050 project reflects MBRHE's commitment to building integrated residential environments that support social stability and meet the evolving expectations of Emirati families. 'This achievement is a tangible reflection of the leadership's vision,' said His Excellency Mohammad Hassan AlShehhi, Acting CEO of MBRHE. 'We have successfully transformed the housing handover experience into a seamless, transparent, and secure digital journey.' The entire process—from planning and allocation to handover—is being managed through a smart digital system, eliminating the need for paper-based transactions. Technical support teams are available to assist beneficiaries via official channels. The project aligns with the Dubai 2040 Urban Master Plan and sets a benchmark for sustainable development in the Emirate. MBRHE has reiterated its focus on innovation and efficiency, with future housing projects expected to introduce even greater flexibility and digital integration. Beneficiaries of the Al Khawaneej 1050 Villas Project have been invited to complete final formalities through the Establishment's digital platform. News Source: Dubai Media Office
Trade Arabia
15-05-2025
- Business
- Trade Arabia
Dubai approves $572m new housing projects
A new AED2 billion ($572 million) housing package for Emirati citizens in Dubai was approved by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai. The approval came following his visit Wadi Al Amardi housing project in Dubai. He was briefed on the progress of all ongoing housing projects during the visit, said a Wam news agency report. During the tour, Sheikh Hamdan inspected the housing projects in Wadi Al-Amardi and reviewed plans for several new developments comprising more than 1,100 residential units for citizens. These projects are spread across four key areas including Wadi Al Amardi, Al Aweer, Hatta, and Oud Al Muteena. Sheikh Hamdan said the new housing projects will feature modern designs that meet the aspirations of Emirati families, with well-planned communities offering advanced infrastructure, quality services, and comprehensive public facilities. He also praised the Mohammed Bin Rashid Housing Establishment team for their efforts in delivering projects that support well-being and stability of citizens, emphasising that this remains a key government priority. A total of 1,163 housing units are currently under construction across several areas in the emirate, including: 432 units in Wadi Al-Amardi valued at AED767.9 million, 398 units in Al Aweer valued at AED734.1 million, 213 units in Hatta valued at AED508.5 million, and 120 units in Oud Al Muteena valued at AED113.8 million.
Hi Dubai
15-05-2025
- Business
- Hi Dubai
Hamdan bin Mohammed Approves AED2 Billion Housing Package for Emiratis in Dubai
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has approved a housing package worth over AED2 billion to support Emirati families, reaffirming the government's commitment to citizen welfare and sustainable urban development. The announcement came during Sheikh Hamdan's visit to the Wadi Al Amardi housing project, where he reviewed ongoing developments and inspected model homes designed to meet modern living standards. He also examined future plans that include over 1,100 residential units across four key areas in Dubai: Wadi Al Amardi, Al Aweer, Hatta, and Oud Al Muteena. Sheikh Hamdan emphasized that the new housing projects aim to provide Emirati families with modern, well-integrated communities featuring advanced infrastructure, essential public services, and sustainable design. He praised the efforts of the Mohammed Bin Rashid Housing Establishment, noting that enhancing the well-being and stability of citizens remains a top priority for the Dubai government. Currently, 1,163 homes are under construction. These include 432 units in Wadi Al Amardi valued at AED767.9 million, 398 in Al Aweer at AED734.1 million, 213 in Hatta worth AED508.5 million, and 120 in Oud Al Muteena at AED113.8 million. The housing initiative aligns with Dubai's broader vision to develop inclusive, future-ready communities that reflect the needs and aspirations of its people. News Source: Emirates News Agency
