Citizen Housing Benefits Worth $2.1 Billion Announced by Abu Dhabi on the 52nd Union Day

Citizen Housing Benefits Worth $2.1 Billion Announced by Abu Dhabi on the 52nd Union Day

In commemoration of the UAE’s 52nd Union Day, Abu Dhabi has unveiled a substantial housing benefits package totaling AED 7.6 billion ($2.1 billion). This initiative, aligned with the vision of the wise leadership, reflects the continuous commitment to fulfilling citizens’ aspirations and ensuring a decent life alongside family and social stability.

Visit The Properties for Sale in Dubai : Click Here

As per the announcement by Wam, the comprehensive package is set to positively impact over 5,685 individuals in the emirate, with a primary focus on housing loans of all kinds valued at AED 6 billion. Notably, 3,714 UAE citizens have already benefited from these housing loans, demonstrating the commitment to providing accessible housing options.

For low-income retirees and the families of those who passed away in 2023, a compassionate approach has been adopted, exempting them from the obligation to repay their loans. This empathetic measure reflects the leadership’s dedication to supporting citizens during challenging times.

A dedicated portion of over AED 573 million from the package has been allocated to benefit 549 Emiratis, showcasing the inclusivity of the initiative. Further, 1,422 UAE nationals have received residential lands and ready-made houses valued at over AED 950 million, which includes funding for essential infrastructure projects supporting these residential areas.

In total, 9,292 UAE citizens stand to benefit from this housing package, elevating the cumulative value of housing benefits distributed in Abu Dhabi for the year 2023 to an impressive AED 13.44 billion. This underscores the commitment of the government to fostering happiness, comfort, and family stability for UAE families.

Visit The Properties for Rent in Dubai : Click Here

The housing benefits were approved for disbursement by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, following the orders of President HH Sheikh Mohamed bin Zayed Al Nahyan, the Ruler of Abu Dhabi.

Mohamed Ali Al Shorafa, Chairman of the Board of Directors of the Abu Dhabi Housing Authority and Chairman of the Department of Municipalities and Transport, lauded the wise leadership’s sustained support for the housing sector. He emphasized that the Abu Dhabi Housing Authority is diligently working to translate these directives into impactful programs and services that contribute to the vision of the wise leadership, ultimately enhancing the well-being and stability of UAE families.

Join The Discussion

Compare listings

Compare

Sign-Up Now