Affordable Housing Initiatives in Dubai

And Dubai has long been known for its glitzy skyscrapers and a luxurious lifestyle. However, there’s a different side to the city that is coming into view. An affordable living side. Many residents are becoming worried about rising living costs. It is now more important than ever, as it is the push for affordable housing in Dubai. The topic is very specific to the city’s diverse population. There are options both young professionals and growing families are looking for that are sustainable, and that fit within their budget.

Even Dubai’s government has realized there is a need for affordable housing. And it’s part of the city’s evolution. Dubai has been vocal from Sheikh Mohammed bin Rashid Al Maktoum, who is on the record as being for Dubai being more inclusive and accessible. That is the case with recent push towards affordable housing. Dubai 2040 Urban Master Plan seeks to allot 60 per cent of Dubai’s area to green and sustainable spots. It also looks at affordable housing clusters. The aim is to enable people across the board to feel they can call Dubai home without feeling squeezed by high rents.

Affordable Housing Initiatives in Dubai - A Community of Progress and Sustainability — Affordable Housing Initiatives in Dubai – A Community of Progress and Sustainability

Developers have also jumped on the wagon. An example of this would be Al Furjan or Nshama’s Town Square. The developers are offering relatively low priced units. They are well connected to the city. The idea is that residents don’t feel disconnected from Dubai’s main attractions and workplaces. The Dubai Land Department data records a 15 percent increase in interest in these areas in the last two years. This proves that these affordable housing projects are filling a hole in the market.

It runs deeper than building stuff. It’s about forming communities. A lot of these affordable housing projects are designed for families. They have amenities like parks, schools and spaces for retail within a walking distance. It’s meant to have the neighborhood feel minus the high price. This is an attractive concept for people who want to build a life here, but not on a modest budget. Additionally, it fits Dubai’s focus on sustainability. Their designs feature energy efficient designs as well as green spaces to increase quality of life.