Abu Dhabi has set up an authority to develop mass housing as it pushes ahead with social welfare initiatives, in a move that could spur restructuring of the emirate's real estate sector.
The Abu Dhabi Housing Authority was established by United Arab Emirates President and Abu Dhabi ruler Sheikh Khalifa bin Zayed al-Nahayan, state news agency WAM said late on Wednesday.
It will develop housing programmes, outline rules and regulations for housing and create a database of applicants for loans, plots of land and low-cost houses, making review of applications easier.
President His Highness Sheikh Khalifa bin Zayed Al Nahyan has recently issued a law establishing the Abu Dhabi Housing Authority. It shows the sincere desire of the president to provide citizens with better living standards and quality of life. These housing initiatives will go a long way in community building and development of the country.
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