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.
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.
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.