Latest news with #AED212
Filipino Times
4 days ago
- Business
- Filipino Times
Abu Dhabi approves AED4.62 billion housing package for over 3,000 Emiratis
A new AED4.62 billion housing package has been approved in Abu Dhabi to support 3,052 Emirati families with home loans and debt relief, under the directives of President Sheikh Mohamed bin Zayed Al Nahyan. The announcement comes just before Eid Al Adha and is part of the country's ongoing efforts to improve the lives of its citizens, especially in building stronger families and communities. Out of the total amount, AED4.4 billion will go to housing loans for 2,862 citizens, while AED212 million will cover loan exemptions for 190 low-income retirees and families of deceased citizens. This is the second housing aid released in 2025, raising the year's total housing benefits in Abu Dhabi to AED11.38 billion. The Abu Dhabi Housing Authority said the package is meant to provide better homes and reduce the financial burden on Emiratis, helping families live more comfortably and securely. Officials also highlighted earlier housing support efforts, including the AED250,000 community subsidy and the option to cut monthly loan payments by up to 50%.
Dubai Eye
5 days ago
- Business
- Dubai Eye
Abu Dhabi announces AED4.62bn housing benefit package
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved a housing benefits package worth AED4.62 billion for 3,052 citizens in the emirate. The approved package include housing loans amounting to AED4.4 billion benefiting 2,862 citizens, and exemptions from loan repayments totalling AED212 million benefiting 190 citizens, limited-income retirees and beneficiaries of deceased citizens. The disbursement of the second housing package of 2025 comes ahead of Eid Al Adha and reflects the leadership's ongoing commitment to comprehensive development, enhancing the wellbeing and stability of Emirati families, empowering them to actively contribute to the nation's progress, in line with UAE Year of Community objectives aimed at strengthening social cohesion and reinforcing community solidarity. The package follows the recent endorsement of an additional community support subsidy of AED250,000 for existing beneficiaries of housing loans, including a reduction of up to 50 per cent in monthly loan instalments, and a wide range of other services and facilities. It brings the total housing benefits delivered to citizens in Abu Dhabi in 2025 to AED11.38 billion.
ARN News Center
5 days ago
- Business
- ARN News Center
Abu Dhabi announces AED4.62bn housing benefit package
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved a housing benefits package worth AED4.62 billion for 3,052 citizens in the emirate. The approved package include housing loans amounting to AED4.4 billion benefiting 2,862 citizens, and exemptions from loan repayments totalling AED212 million benefiting 190 citizens, limited-income retirees and beneficiaries of deceased citizens. The disbursement of the second housing package of 2025 comes ahead of Eid Al Adha and reflects the leadership's ongoing commitment to comprehensive development, enhancing the wellbeing and stability of Emirati families, empowering them to actively contribute to the nation's progress, in line with UAE Year of Community objectives aimed at strengthening social cohesion and reinforcing community solidarity. The package follows the recent endorsement of an additional community support subsidy of AED250,000 for existing beneficiaries of housing loans, including a reduction of up to 50 per cent in monthly loan instalments, and a wide range of other services and facilities. It brings the total housing benefits delivered to citizens in Abu Dhabi in 2025 to AED11.38 billion.
TAG 91.1
5 days ago
- Business
- TAG 91.1
Abu Dhabi announces AED4.62bn housing benefit package
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved a housing benefits package worth AED4.62 billion for 3,052 citizens in the emirate of Abu Dhabi. The approved housing benefits package includes housing loans amounting to AED4.4 billion benefiting 2,862 citizens, and exemptions from housing loan repayments totalling AED212 million benefiting 190 citizens, limited-income retirees and beneficiaries of deceased citizens. The disbursement of the second housing package of 2025 comes ahead of Eid Al Adha and reflects the leadership's ongoing commitment to comprehensive development, enhancing the wellbeing and stability of Emirati families, empowering them to actively contribute to the nation's progress, in line with UAE Year of Community objectives aimed at strengthening social cohesion and reinforcing community solidarity. The package follows the recent endorsement of an additional community support subsidy of AED250,000 for existing beneficiaries of housing loans, including a reduction of up to 50 per cent in monthly loan instalments, and a wide range of other services and facilities. It brings the total housing benefits delivered to citizens in Abu Dhabi in 2025 to AED11.38 billion.
