Algiers – A joint ministerial decree published in Official Gazette No. 82 has outlined the methodology for calculating the final cost of homes under the AADL 3 (Location-Vente) housing program. This decree specifically addresses applications registered in 2024.
The new regulations aim to provide clarity and transparency regarding how the sale-rental prices for these state-subsidized housing units are determined. The decree details the specific factors and formulas used in the cost calculation, ensuring a standardized approach across all projects within the AADL 3 scheme.
DZWatch understands that the calculation considers various elements, including construction costs, land acquisition expenses, infrastructure development, and administrative overheads. The decree also specifies how government subsidies and financial contributions are factored into the final price offered to eligible applicants.
The AADL 3 program is a critical component of Algeria’s national housing strategy, designed to provide affordable housing solutions for middle-income citizens. The initiative seeks to address the growing demand for housing while promoting social equity and stability.
This ministerial decree is expected to streamline the process of allocating and pricing AADL 3 units, ensuring fairness and preventing arbitrary pricing practices. It also provides potential homeowners with a clearer understanding of how their home’s price is derived, fostering trust and confidence in the government’s housing initiatives.
Further analysis and commentary on the implications of this decree for prospective AADL 3 beneficiaries will follow on DZWatch in the coming days.
