Sheikh Khaled opens Dh3.1 billion North Bani Yas housing project

It will be part of the wider Al Mizn Neighbourhood residential development

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  Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, inaugurates the first phase of the North Bani Yas residential project. All Photos: Abu Dhabi Media Office

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  Sheikh Khaled directed that the project be named 'Al Muzn District'.

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  Sheikh Khaled visited the residential project.

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  The residential project has a cost of about Dh3.1bn.

Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, has inaugurated phase one of the Dh3.1 billion ($844 million) North Bani Yas housing project for UAE citizens.

Spanning 3.1 square kilometres, the development comprises 1,365 villas that feature modern designs infused with Emirati heritage. Built on 1,080-square metre plots, the villas will have five or six-bedroom options.

The development will also feature 17 parks and recreational areas, a school, five commercial complexes, 15.5km of bicycle paths, and 89.48km of pedestrian walkways.

It will be part of the Dh9.3 billion residential project that has been named Al Mizn Neighbourhood by Sheikh Khaled. It will comprise a total of 3,453 villas and cover 9.06 square kilometres.

The housing projects fall under the directives of President Sheikh Mohamed to offer Emirati families high-quality homes, while ensuring stability and security.

Sheikh Khaled toured the North Bani Yas development on Tuesday and reviewed the design plan for the Al Mizn Neighbourhood.

Earlier this year, he approved a Dh2.18 billion housing benefits package to help 1,502 Emiratis.

It will exempt senior citizens, retired people with limited incomes and families of the deceased from housing loan payments, amounting to more than Dh98 million for 95 Emiratis.

Since 2012, more than 4,000 citizens have benefited from housing loan exemptions amounting to more than Dh149 billion.

In March, Sheikh Khaled approved the Dh3.5 billion Yas Canal project for Al Raha Beach, offering 1,146 villas by the last quarter of 2027.

The Abu Dhabi Housing Authority, since its establishment in 2012, has overseen the allocation of more than 40,000 residential plots, ensured the completion of over 16,000 houses and approved 49,000 housing loans.