Dubai has announced housing projects valued at $1.5 billion (AED 5.4 billion) aimed at building 3,004 new homes for Emiratis, according to the UAE state-run WAM news agency.
The initiative includes 1,181 homes in Latifa City under the housing loan category. For beneficiaries of the housing grant category, the projects comprise 606 units in Al Yalayis, 5,432 in Wadi Al Amardi, 398 in Al Awir, 1,200 in Hatta’s Makan area, 120 in Oud Al Muteena, and 67 homes in Dubai’s rural areas.
“Housing programs for citizens represent a top priority,” said Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum while approving the projects.
In October, Sheikh Mohammed approved Dubai’s 2025–27 budget cycle, which allocates AED 272 billion ($74 billion) in expenditure against estimated revenues of AED 302 billion ($82.2 billion). For 2025, expenditure is set at AED 86 billion ($23.4 billion), with revenues projected to reach AED 98 billion ($26.7 billion), leaving a record surplus of AED 30 billion ($8.2 billion).
Nearly a third of the 2025 budget is allocated to the social development sector, which includes health, education, housing, scientific research, and support for families, women, and children in need.
At the national level, the UAE approved its largest-ever budget for 2025, with expenditures reaching AED 71.5 billion ($19.5 billion). Social development and pensions account for 39% of this budget, amounting to AED 27.9 billion ($7.6 billion).
