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Home » UAE President orders to disburse $408mn worth housing benefits to Abu Dhabi citizens

UAE President orders to disburse $408mn worth housing benefits to Abu Dhabi citizens

These benefits are expected to support more than 1,100 Abu Dhabi Citizens.
Desk ReporterBy Desk ReporterJul 11, 2022
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UAE Housing Program
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Abu Dhabi: The President of the United Arab Emirates and Ruler of Abu Dhabi, His Highness Sheikh Mohamed bin Zayed Al Nahyan has released the royal order to disburse housing benefits worth $408.37 million (AED1.5 billion).

These benefits are expected to support more than 1,100 Abu Dhabi Citizens.

The benefits package includes grants for houses, housing loans, and the exemption of retirees and deceased families from paying the dues of housing loans.

UAE Housing Program _ Sheikh Mohamed bin Zayed Al Nahyan
H.H Sheikh Mohamed bin Zayed Al Nahyan

The approval of the second package for 2022 coincides with the joy of celebrating Eid al-Adha. The decision is based on the keenness of the wise leadership to ensure social stability, enhance living standards and a decent life for citizens, and enhance their role in contributing to advancing development in society.

These directives also reflect the interest of the wise leadership and its constant keenness to meet the aspirations and needs of citizens, provide decent livelihoods and the well-being of the people of the country and their families, and build a cohesive society within an environment that enhances the contribution to building and progressing the country.

Sheikh Zayed Housing Programme

Earlier in July, the Sheikh Zayed Housing Program has signed a joint Memorandum of Understanding with First Abu Dhabi Bank (FAB), Emirates NBD, Dubai Islamic Bank and Abu Dhabi Islamic Bank to support the new UAE policy for housing loans.

LIFESTYLE: Having issues managing your stress? Watch a Horror Movie!!

UAE Government Sheikh Zayed Housing Program UAE Housing Loan Policy First Abu Dhabi Bank Emirates NBD Dubai Islamic Bank Abu Dhabi Islamic Bank
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Previous ArticleSharjah Museums Authority’s Happy Holiday Summer Camp 2022 begins on 18th July
Next Article Dubai Crown Prince approves social benefits worth $12mn for People of Determination
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The above news/article was published by a desk reporter at Emirati Times who sourced, compiled, and corroborated this content. For any queries or complaints on the published material, please get in touch through WhatsApp on +971 5060 12456 or via Mail (at) Emirati Times (dot) com

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