Abu Dhabi crown prince inaugurates Emirati-only housing project: Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed inaugurated the Al Wathba housing project in Abu Dhabi on Monday, the Abu Dhabi Housing Authority (ADHA) said in a press release. Built under the Emirati Neighborhood initiative, the project is set to deliver 347 housing units to Emirati-nationals, with an investment of AED 1.1 bn (USD 299 mn).

About Al Wathba: Spanning 875k sqm, the project will also feature 15 parks, four mosques, and areas set aside for commercial and community facilities. A public/private partnership agreement (PPP) was inked with an undisclosed developer to build these community areas.

What they said: “The Al Wathba housing project signifies the Abu Dhabi Housing Authority's commitment to delivering the leadership’s directives. This initiative stands as a cornerstone in guaranteeing citizens' access to quality housing, fostering a secure and stable social environment, and actively supporting the ongoing development and growth of Abu Dhabi,” Chairman of ADHA’s Department of Municipalities and Transport Mohammed Al Shorafa said.

Mortgage assistance for those who need it: The Al Wathba initiative enables eligible citizens to apply for housing loans. It will also offer residential units to low-income retirees and families of deceased mortgage holders without requiring them to repay the loans.

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