Abu Dhabi’s Department of Municipalities and Transport has introduced the Value Housing Programme, a strategic initiative designed to diversify the emirate’s real estate market and elevate living standards for both individuals and families. This programme underscores the emirate’s commitment to fostering inclusive and sustainable communities, aligning with the broader objectives of the UAE Year of Community.
The programme’s phased implementation aims to address the increasing demand for housing by offering high-quality, affordable residential units. In collaboration with key industry players, DMT has signed agreements with Sdeira Group, formerly known as KEZAD Communities, and Central Holding Group, a prominent real estate and asset management company in Abu Dhabi. These partnerships are set to create vibrant neighbourhoods that set new benchmarks for quality and innovation in the housing sector.
Mohamed Ali Al Shorafa, Chairman of DMT, emphasized the significance of these collaborations, stating that they reflect a dedication to delivering housing solutions rooted in inclusivity and sustainability. He highlighted that these steps are crucial in meeting the growing housing demand in the emirate, improving living standards, and providing opportunities for everyone to access housing that enhances their well-being.
The Value Housing Programme is not just about constructing residential units; it represents a holistic approach to community building. By ensuring that these housing units are both affordable and of exceptional quality, the programme aims to cultivate dynamic and inclusive communities. This initiative is part of a broader effort to strengthen social integration and foster community bonds, which are key elements underpinning the UAE Year of Community.
The UAE’s property market has been experiencing robust performance, bolstered by government initiatives such as residency permits for retirees and remote workers, the expansion of the 10-year golden visa programme, and overall economic growth driven by diversification efforts. Abu Dhabi’s real estate sector has seen significant activity, with transactions reaching substantial values, reflecting the emirate’s appeal as a desirable place to live and invest.
The DMT’s commitment to working closely with investors, developers, and partners is evident in its proactive approach to identifying new opportunities and driving the Value Housing Programme forward. By fostering strategic partnerships, the department seeks to drive sustained growth, reshape the real estate sector, and ensure the versatility of Abu Dhabi’s housing market by offering diverse options for all segments of society.
