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Dubai ruler announces $1.72 billion investment in housing for citizens

Funding worth $1.72 billion (6.3 billion dirhams) for housing and land for 4,610 Emirati citizens in Dubai was announced in a tweet by the emirate’s ruler on Sunday.

A new residential housing complex in the northeastern suburb of al-Khawaneej consisting of 1,100 villas was also approved, Sheikh Mohammed bin Rashid Al Maktoum said.

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