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dubai [UAE]26th April (ANI/WAM): Dubai’s Community Development Authority (CDA) and Emaar Foundation today signed a Memorandum of Understanding to support eligible citizens registered with the CDA to move from temporary to permanent housing, This helps support their family stability.
The MoU is in line with the ‘Bayti’ initiative, which aims to reduce the financial burden and provide permanent housing to Dubai citizens who are eligible for financial benefits. The MoU was signed by Hessa Bint Essa Buhumaid, Director General of CDA and Ahmed Al Matrooshi, Chairman of Emaar Foundation.
Under the Memorandum of Understanding, the Emaar Foundation will contribute AED 15 million to support the agreed goals, and the funds will be used to provide permanent housing with the aim of alleviating the financial and psychological burden on deserving families.
Beneficiaries of the initiative will reduce additional costs of construction and renovations, which will help improve their quality of life, strengthen the stability of families and communities, and provide a decent life for Dubai citizens.
The parties will work together to strengthen the partnership, promote civic well-being, improve the quality of life of beneficiaries registered with the CDA, and achieve permanent housing stability for these families.
Hessa Buhumaid said the agreement reaffirms the important role played by the private sector in supporting social development programs and strengthening social solidarity links between all segments of the community, thereby enhancing the stability and well-being of community members and contributing to the prosperity of the emirate. made a contribution.
She said: “We are delighted to be partnering with a leading agency that is well established globally as a developer of quality mixed-use residential projects and to benefit from their expertise in order to provide CDA beneficiaries with suitable Housing. We hope this collaboration will have a significant impact on the quality of life of the beneficiaries and provide them with the necessary residential stability.”
Ahmed Al Matrooshi said: “This agreement demonstrates the Emaar Foundation’s commitment to its responsibilities to community members and its desire to support deserving families most effectively based on careful case studies. Our work with the CDA clearly describes the needs and requirements. Beneficiaries, make sure assistance is in the right place.” (ANI/WAM)
(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)
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