UAE to spend $1.9bn on new residential complexes

The UAE government plans to develop a number of residential neighbourhoods across the country under its Sheikh Zayed Housing Programme at an investment of Dh7 billion ($1.9 billion), reported the state news agency Wam citing a senior minister.

"The programme helped build 30,000 homes, while some 27,000 are in the under-construction phase across the country," stated Dr Abdullah bin Mohammed Belhaif Al Nuaimi, the Minister of Infrastructure Development.

He was speaking at the Arab Future Cities Summit 2017 in Dubai on Monday.

The number of residential neighbourhoods completed by the programme reached 788 housing units, while the number of those in the implementation phase was 3,467 housing units, revealed Al Nuaimi, who is also the chairman of the programme. All the residential neighbourhoods comply with the criteria and requirements of the Two Pearl sustainability programme,