Posted inNews

Crown Prince of Abu Dhabi approves $900 million housing benefits for citizens ahead of Eid Al Adha

The housing package includes loans totalling over $827 million (AED3.046 billion) for 1,766 citizens, with 782 loans specifically for residential units in the Balghaiylam project

Crown Prince of Abu Dhabi approves $900 million housing benefits for citizens ahead of Eid Al Adha

Zayed Al Nahyan, Crown Prince of Abu Dhabi has approved housing benefits worth $900 million (AED3.3 billion) for 2,015 citizens in Abu Dhabi ahead of Eid Al Adha. The housing package includes loans totalling over $827 million (AED3.046 billion) for 1,766 citizens, with 782 loans specifically for residential units in the Balghaiylam project.

Additionally, The Crown Prince and Chairman of the Abu Dhabi Executive Council, Khaled bin Mohamed Bin, approved the exemption of senior citizens, retirees with low incomes, and the families of deceased citizens from housing loan payments, totalling over $71 million (AED262.8 million), benefitting 249 citizens in the emirate.

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Chairman of the Abu Dhabi Executive Council, approved the first housing and benefits package worth $594 million (AED2.18 billion) for 2024 on Eid Al Fitr, and now the second package for the year, to be distributed during Eid Al Adha, continues the Rulers’ commitment to the welfare of Emirati families. The Abu Dhabi Housing Authority has now disbursed over $41.42 billion (AED152 billion) in housing benefits since its establishment.

Mohamed Ali Al Shorafa, Chairman of the Board of Directors of Abu Dhabi Housing Authority, mentions, “The distribution of this package highlights our leadership’s continued dedication to improving the welfare of our citizens and their families and nurturing familial and social cohesion within the emirate while advancing its comprehensive development.”

Hamad Hareb Al Muhairi, Director-General of Abu Dhabi Housing Authority, adds, “The directives to distribute the second housing benefits package exemplify the priority of our leaders, showcasing their steadfast dedication to the well-being of Emirati citizens, which is a paramount focus on the national agenda. Abu Dhabi Housing Authority remains dedicated to continually improving its programmes and services to provide housing for all citizens in Abu Dhabi, while also advancing the housing sector in alignment with the directives and vision of the leadership.”

The UAE Cabinet, led by Sheikh Mohammed bin Rashid Al Maktoum, also recently approved a new housing package worth $458 million for Emirati citizens, ahead of the Eid Al-Adha holiday, to improve social stability by providing affordable housing options.

“We approved during the cabinet meeting, 2,160 new housing decisions for citizens under the Sheikh Zayed Housing Program valued at AED1.682 billion. We also approved a project to simplify and reduce procedures within the programme in collaboration with 24 government entities,” Sheikh Mohammed bin Rashid said.