Sheikh Khaled bin Mohamed, the Crown Prince of Abu Dhabi, has officially approved an expansive housing initiative involving 14 new projects aimed at meeting the housing needs of Emirati citizens.

This plan is part of a broader strategy to construct a total of 26,000 homes within a five-year period, with an overall investment of Dh82 billion (approximately USD 22.3 billion).

The projects are expected to significantly enhance the quality of living for Emiratis across Abu Dhabi, aligning with the UAE's commitment to provide affordable housing solutions.

The initiative is poised to stimulate economic growth by creating jobs and increasing demand for local materials and services.

The housing developments will incorporate modern designs and sustainable practices, reflecting the UAE's focus on innovation and environmental sustainability in urban planning.

Sheikh Khaled's approval is a response to the ongoing demand for housing in the capital city, as population growth and urbanization continue to shape the real estate landscape in the region.

The construction endeavors are anticipated to bolster the Emirate's real estate market while ensuring that Emiratis have access to adequate housing tailored to their needs.