UAE: AED3.1 billion fund approved for citizen housing benefits – News

The scheme includes ready-made housing grants worth AED1 billion for low-income individuals

H.H. Sheikh Khalid bin Mohamed bin Zayed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, on the instructions of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE · Al Nahyan has approved the payment of housing benefits worth AED3.1 billion to Abu Dhabi’s 1,807 citizens.

The package includes ready-made housing grants worth AED1 billion for low-income individuals and various housing loans worth AED2.1 billion to citizens. The distribution of the second housing program will be made during the upcoming 2019 celebrations. Eid al-Adha.

This demonstrates the wise leadership’s commitment to improving living standards, ensuring a decent life for citizens, and strengthening social stability to continue Abu Dhabi’s comprehensive development journey. Second Home Package 2023 Brings Total Value of Housing Benefits Distributed to Citizens Abu Dhabi will exceed AED6 billion in funding by 2023, benefiting 3,607 citizens in different parts of the emirate.

Mohamed Ali Al Shurafa, Chairman of the Ministry of Municipalities and Transport and Chairman of the Board of Directors of the Abu Dhabi Housing Authority, expressed his sincerest condolences to President His Highness Sheikh Mohamed bin Zayed Al Nahyan for his longstanding support for housing Gratitude and appreciation to the Department and his unwavering commitment to meeting the needs of all citizens.

His Highness’ efforts have contributed to enhancing social welfare and improving living standards. Hamad Hareb Al Muhairi, Director General of Abu Dhabi Housing Authority, said: “The wise leadership’s directive to release second homes in 2023 reflects their continued commitment to provide citizens with All decent means of living will improve the living standards and welfare of the entire community in the Emirate of Abu Dhabi. Recently, the Falah and Sweihan residential projects have been completed, which will provide citizens with about 1,000 new high-quality residences.”