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Tue 2 Apr 2013 10:53 AM

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UAE pays out $4.2m to bankroll Emirati weddings

The Marriage Fund is designed to encourage Emiratis to marry other Emiratis.

UAE pays out $4.2m to bankroll Emirati weddings

The UAE Marriage Fund has granted AED11.18m (US$4.2m) to 306 Emiratis to help finance their weddings.

The government-backed group is offering each bride AED70,000 as financial assistance, the UAE’s state news agency said in a statement.

The grant plays a vital role in encouraging Emirati youth to marry other Emiratis, said Dr. Maitha bint Salem Al Shamsi, Minister of State, and chairwoman of the fund.

The Marriage Fund was established in 1992 with a US$440m donation from President Zayed bin Sultan al-Nahayan in a bid to encourage more Emiratis to marry within their nationality.

The fund organises mass weddings throughout the Gulf state and offers counseling and financial assistance to UAE nationals.

Emirati weddings have a reputation for being expensive, lavish affairs with figures from the Institute For International Research in Dubai estimating the average cost at AED300,000.  

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