The UAE’s Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the disbursement of housing benefits worth AED2.74bn ($746m) to 1,800 citizens in Abu Dhabi.
The benefit boost was made under the directives of President Sheikh Mohamed bin Zayed Al Nahyan.
The housing benefits include the exemption of low-income retirees and families of deceased mortgagors from loan repayments.
UAE housing benefit
The disbursement covers Abu Dhabi, Al Ain and Al Dhafra and loans include the following housing categories:
- Construction
- Demolition and reconstruction
- Maintenance and expansion.
The first housing package of 2023, which coincides with Eid Al Fitr celebrations, reflects the leadership’s commitment to ensuring social stability and enabling citizens to raise strong, stable families that will benefit the future of the UAE.
Mohammed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport (DMT) and Chairman of Abu Dhabi Housing Authority, extended his deep thanks and gratitude to Sheikh Mohamed Sheikh Khaled for the unlimited support that they give in following up on citizens’ needs and ensuring their housing needs are met.
Al Shorafa stressed Abu Dhabi Housing Authority’s commitment to developing a modern and sustainable housing system in Abu Dhabi that achieves the leadership’s vision and meets the needs of citizens and their families.
Hamad Hareb Al Muhairi, Director-General of Abu Dhabi Housing Authority, expressed his sincere thanks and gratitude to Sheikh Mohamed for his guidance and commitment to meeting the needs of all citizens to ensure a good quality of life.
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