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The Supreme Council for Development and Citizenship was tasked with following up on the implementation of the decision
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Some 426 Emiratis with limited incomes will be exempted from paying the remainder of their home loans, the Crown Prince of Dubai announced on Wednesday.
Loans worth AED146 million will be liquidated as part of the directive, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of the Emirate’s Executive Council, said in a tweet. .
“We will continue to implement our initiatives and provide all support to improve the living standards of all citizens of Dubai,” he added.
The new relief package – aimed specifically at low-income citizens and other families in need – comes just in time for this year’s Eid celebrations.
Sheikh Hamdan said the Supreme Council for Development and Citizenship was tasked with following up on the implementation of the decision.
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