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Danube eyes housing projects for low-income people

Danube eyes housing projects for low-income people Photo Credit:Reuters/FAISAL NASSER
Dubai has approved new housing policy for low income families
14 March 2017

By Megha Merani

Danube Properties, part of the Danube Group, is considering venturing into residential projects for low-income people in Dubai in line with a new government housing policy, company chairman said.

UAE state news agency WAM on Monday reported that Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved a new housing policy aimed at providing housing units for low-income families in Dubai.

The report said low-income housing would be developed in cooperation with real estate developers and through refurbishment of some old areas in Dubai.

"We are considering it …and if we get a good plot where we can offer even lower segment we are open to it. I believe there is a huge demand for that market …." Rizwan Sajan said.

"It (such projects) will not be in central areas, it will be somewhere far away," he added.

The developer on Tuesday launched the 300 million dirhams ($81.7 million) Resortz residential project in Dubai’s Arjaan master development.

(Read more about the project here)

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