GCC countries are strengthening their efforts to further enhance the accessibility of affordable housing for low and middle-income households as part of the government efforts to address rapid urbanisation and growing population.
The UAE’s housing policy has traditionally been focused on providing housing benefits and facilities to Emiratis with low income through the federal government and other entities set up within local governments. Other GCC states are also taking bold moves such as Saudi Arabia with plans to construct one million housing units on top of the existing ones in line with the Saudi Vision 2030.
Kuwait has allocated more funds for the construction of an additional 45,000 housing units as part of its five-year plan (2015-2020), which aims to fix the housing problem in the next three to five years. Oman has allocated US$233.79mn for its housing projects as stated in the General Budget for FY 2019. Bahrain invests in various social housing schemes which have provided more than 36,000 support services to citizens through houses and flats, housing loans, flats in a subsidised rental and residential plots.
Narrowing down the demand supply gap in affordable housing and developing long-term strategies to cater to the rising demand for low-mid income housing.
- What is the legal framework for allocation of land for affordable housing?
- How to formulate cost-effective strategies and the opportunities for investors in affordable housing market?
- How can the construction and operation costs be reduced to unlock urban housing affordability?
- How to maintain sustainable construction practices to avoid the “affordable” design pitfalls?
- How are modern building techniques and construction methods such as modular construction and prefabricated construction technology bridging the gap for affordable housing?
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