Abu Dhabi’s Department of Municipalities and Transport (DMT) announced today the launch of the Value Housing Program to bolster versatility and growth in the emirate’s real estate market.
The program, which will be rolled out in strategic phases, aims to improve the living standards for individuals and families alike, strengthening social integration and fostering community bonds – which form key elements underpinning the UAE Year of Community.
By ensuring the housing units are both affordable and of exceptional quality, the program underscores a commitment to cultivating dynamic and inclusive communities.
DMT inks two agreements to deliver housing solutions
As part of the Value Housing Program, Abu Dhabi’s DMT signed an agreement with Sdeira Group to develop a range of residential units and commercial assets.
DMT also signed an agreement with Central Holding Group, a leading real estate and asset management company in Abu Dhabi, to promote collaboration, facilitate the exchange of knowledge and expertise and enhance the efficiency and impact of housing initiatives across the emirate.
His Excellency Mohamed Ali Al Shorafa, chairman of DMT, said the agreements aim to create vibrant and thriving neighborhoods that would set new benchmarks for quality and innovation.
“These partnerships underscore our dedication to delivering housing solutions that adhere to our principles of inclusivity and sustainability. They are a crucial step in addressing the growing demand for housing in the emirate while improving living standards and providing opportunities for everyone to access housing that enhances their well-being,” he added.
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Reshaping Abu Dhabi’s real estate sector
The department reiterated its commitment to working closely with investors, developers and partners to identify new opportunities and drive the Value Housing Program forward. By fostering strategic partnerships, it 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.
These efforts not only support the emirate’s high standards of liveability but have also contributed to Abu Dhabi being recognized as the most liveable city in the MENA region by the Economist Intelligence Unit’s (EIU) Global Liveability Index 2024.
