Abu Dhabi Housing Authority (ADHA) and Abu Dhabi Commercial Bank (ADCB) have announced a new partnership aimed at simplifying home loans for UAE citizens.
The collaboration introduces top-up loans for beneficiaries of ADHA’s Housing Loan Programme, offering additional financing options supported by the Abu Dhabi government. Eligible citizens with existing housing loans of AED1.75 million can now access up to AED500,000 in extra financing through interest or Murabaha options.
The initiative is designed to help citizens with a monthly income exceeding AED30,000 to secure housing that better fits their needs. The loan repayment terms extend up to 25 years, and the government will cover 50% of the interest and gains on these loans, making it more accessible and affordable for borrowers.
The agreement was formalized by Hamad Hareb Al Muhairi, Director General of ADHA, and Ala’a Eraiqat, CEO of ADCB Group, reflecting a shared vision of improving housing solutions in Abu Dhabi. Citizens benefiting from the scheme can explore financing options via ADHA’s mobile app or by visiting ‘ISKAN Abu Dhabi’.
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