His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, approved today a housing benefits package worth AED6.75 billion ($1.84 billion) under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, in his capacity as Ruler of Abu Dhabi.
The package is aimed at benefiting 4,356 Emirati citizens across Abu Dhabi. It includes housing loans amounting to AED5.08 billion benefiting 3,172 citizens, land grants and ready-built houses valued at AED1.585 billion benefiting 1,100 citizens, as well as exemptions from housing loan repayments totalling more than AED94.8 million benefiting 84 senior citizens, limited-income retirees and beneficiaries of deceased citizens.
Authority delivers AED168.85 billion in benefits
This housing benefits package brings the total housing benefits delivered to citizens in Abu Dhabi since the establishment of the Abu Dhabi Housing Authority to over 123,000, amounting to approximately AED168.85 billion.
This housing package is the first for this year and comes ahead of Eid al-Fitr, reflecting the leadership’s ongoing commitment to comprehensive development, enhancing Emirati families’ wellbeing and ensuring their social stability and happiness in an environment that meets their aspirations, encourages their participation and empowers their contributions to building the nation.
“The leadership’s directives to disburse this housing benefits package reflect their commitment to meeting citizens’ aspirations and housing needs, enhancing their quality of life and ensuring stability and wellbeing for Emirati families. Such initiatives further strengthen social cohesion and promote stability throughout Abu Dhabi,” stated Mohamed Ali Al Shorafa, chairman of the board of directors of Abu Dhabi Housing Authority.
Facilitating citizen access to suitable housing
For his part, Hamad Hareb Al Muhairi, director general of Abu Dhabi Housing Authority, said that the package aligns with comprehensive development and the Year of Community’s goals, which aim to promote social cohesion and underline the importance of adequate housing in building a stable and prosperous society.
Al Muhairi added that the authority continuously works to enhance and develop its programs and services, facilitating citizens’ access to suitable housing and contributing to the advancement of the emirate’s housing sector in line with the leadership’s directives and ambitious vision for a prosperous future.
Last year, Sheikh Khaled approved the disbursement of a housing and benefits package worth AED2.18 billion ahead of Eid al-Fitr. The package benefitted 1,502 citizens throughout Abu Dhabi.
