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UAE Cabinet approves $458 million housing package for citizens ahead of Eid Al-Adha

Along with the housing packet, the Cabinet also approved the ‘Manzili’ bundle catering to beneficiaries of the Sheikh Zayed Housing Program

UAE Cabinet approves $458 million housing package for citizens ahead of Eid Al-Adha

As Eid Al-Adha approaches, the UAE Cabinet, led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has given the green light to a new housing approval package for citizens amounting to $458 million (AED 1.682 billion). This package comprises of 2,160 housing assistance decisions set to benefit recipients in June 2024 through the Sheikh Zayed Housing Program. These decisions are in line with the UAE’s consistent efforts to provide support and empowerment, ensuring that all citizens have access to dignified living and suitable housing.

The housing package worth $458 million (AED 1.682 billion) comprises of 437 housing decisions valued at $81.05 million (AED 297.65 million). This initiative aligns with the guidance of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to address outstanding housing grant requests through the President’s initiatives, amounting to a total of $626.7 million (AED 2.3 billion). Additionally, 1,654 housing financing decisions totalling $354,373,286 (AED 1,301,609,308) have been included as part of the new housing policy plan in partnership with national banks and financial institutions. Furthermore, the package comprises of 69 government housing decisions valued at $22.6 million (AED 82.8 million).

Along with the housing packet, the Cabinet also approved the ‘Manzili’ bundle catering to beneficiaries of the Sheikh Zayed Housing Program. This bundle will provide 18 housing services to citizens through a partnership with 24 federal and local government entities. By streamlining the customer journey and necessary documentation, the number of involved entities has been minimised from 11 to 1, and the documents required have been reduced from 10 to 2. Additionally, procedures have been reduced from 14 to 3 steps, and service fields have been streamlined from 32 to 5.

Unveiling the package, Sheikh Mohammed said besides the housing package, the cabinet has also approved a project to simplify and reduce procedures within the programme in collaboration with 24 government entities. “This will streamline the process, reducing the number of required documents for housing loan approval from 10 to 2. We thank the teams working tirelessly to eliminate bureaucracy, re-engineer all government procedures, simplify them, and ease the lives of our citizens.”