The easy mortgage policies are giving a major push to the growing property markets in emirates like Abu Dhabi, Sharjah, and Ras Al Khaimah as well
housing loans
Latest in housing loans
Abu Dhabi real estate
UAE’s mortgage market witnesses surge in refinancing due to rising interest rates
The hardening of interest rates is encouraging buyers to take the leap to ownership by locking-in better long-term rates before it’s too late
Dubai
Dubai’s Sheikh Hamdan approves $1.9bn housing loans
Dubai will provide 11,500 housing plots to citizens and provide $1.9bn in loans
Eid
Sheikh Hamdan exempts UAE citizens from paying loans ahead of Eid 2023
Sheikh Hamdan exempts UAE nationals from paying AED146m housing loans
Abu Dhabi
UAE Crown Prince orders $746m housing benefit payment
UAE royal family make payment ahead of Eid Al Fitr 2023
Emiratis
UAE approves AED299m housing assistance for Emiratis
The funding was approved for house construction, completion, purchase, maintenance, and upgrades
Abu Dhabi
UAE eases loan regulations for beneficiaries of Sheikh Zayed Housing Programme
Banks operating in the UAE must increase the debt burden ratio (DBR) from 50 percent to 60 percent
Dubai
Dubai allocates 2,000 land plots for Emirati housing
The emirate’s ruler earlier approved a housing budget amounting to AED65 billion for the next 20 years
Abu Dhabi
UAE disburses $408 million worth of housing benefits to citizens in Abu Dhabi
In April, the UAE also allocated AED2.36 billion in housing benefits – with the announcement also coinciding with Eid celebrations
ADIB
ADIB offers first-ever plot financing to meet rising demand for land ownership
The Abu Dhabi Islamic Bank (ADIB) has launched the scheme to help customers purchase land for investment or to build a home on
Emirates Council for Balanced Development
UAE Cabinet adopts policies to protect labour rights, spur Emiratisation in the private sector
The UAE Cabinet approved a policy to support Emiratisation goals and plans of private sector companies, providing additional incentives for companies supporting Emiratisation, and consolidating the partnership between the government and the private sector in this field
Dubai Crown Prince
Dubai Crown Prince Sheikh Hamdan approves $163m housing loans for Emiratis
Financing move is part of long-term plan to encourage Emiratis to build their own homes in Dubai
Abu Dhabi government
Abu Dhabi grants $229.5m grant in housing loans and waivers for 803 Emiratis
The government also cleared debts of retirees and families of deceased mortgagors ahead of Eid Al Adha
affordable housing
Saudi Arabia’s housing plan tests kingdom’s reform drive
Saudi Arabia wants to reduce the cost of an average home by 2020 to five times the average annual income, down from 10 times the yearly salary in 2015
Abu Dhabi
Abu Dhabi orders nearly $1bn in housing loans to citizens
A total of 12,100 loans were distributed to Emiratis in Abu Dhabi last year
Dubai Ruler
Sheikh Mohammed approves $8.7bn homes plan for Emiratis
Following the directives of President Sheikh Khalifa bin Zayed Al Nahyan, the homes will be delivered up until 2025
Abu Dhabi
Abu Dhabi orders over $1b in housing loans to be distributed to citizens
The loan marks the first phase of an annual 5,000 housing loan package