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New proposals would raise the capital requirements for the largest and most important banks by 9%, down from 19%
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21,000 apply for houses in Shaikh Zayed Project
DUBAI - More than 21,000 applications for housing were submitted to the board of directors of the Shaikh Zayed Housing Project during the current cycle of the programme, Rakad bin Salem Al Rakad, Minister of Public Works and Housing, said.
The minister made an announcement to this effect following discussions held yesterday between senior officials from the Ministry of Public Works and Housing (MPWH) and the board of directors of the Shaikh Zayed Housing Programme.
Faisal Al Gurg, director of the Shaikh Zayed Housing Programme, attended the meeting along with members of the board.
"The meeting was aimed at restructuring the committees assisting the board of directors in verifying the applications submitted from UAE nationals for houses in the country," the minister said, noting that the MPWH is represented in the committees.
Mr Al Rakad pointed out that several technical committees will verify the veracity of information included in the applications.
"We have a huge database about the housing sector in the UAE, and will exchange information with the committees and the board of directors of the project," the minister stressed.
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