Latest news with #AED250
Gulf Insider
16-05-2025
- Business
- Gulf Insider
Hub71 and Google Launch AI Startups in Abu Dhabi
Abu Dhabi's Hub71 and Google have launched the Google for Startups Accelerator, a joint programme to scale AI-focused startups within Hub71+ AI. A total of 26 startups from the Hub71 community have been selected to join the inaugural cohort, gaining access to a tailored three-month curriculum. Startups will gain access to Google's global network of mentors, engineers, product leaders and Google Cloud credits. Abu Dhabi startups Top-performing startups will be eligible for up to $300,000 in credits, the highest tier of support available through the programme globally. They will also be considered for Google Cloud Platform (GCP) ecosystem tier credit allocations, further expanding their technical capabilities. These startups, already based within the Hub71 community, have previously benefited from up to AED500,000 ($136,000) in funding support, including AED250,000 ($68,000) in in-kind support services, AED250,000 ($68,000) in cash via a SAFE note and tailored mentorship. Now, through the Google for Startups Accelerator, they are gaining access to a powerful network of partners, technical experts and business development opportunities within the Hub71+ AI ecosystem, further strengthening their ability to scale globally from Abu Dhabi. Ahmad Ali Alwan, Chief Executive Officer of Hub71, said: 'Bringing the Google for Startups Accelerator to Abu Dhabi is a key milestone in advancing our position as a global centre for AI innovation. Together with Google, we are empowering founders to develop transformative technologies that address real-world challenges. 'Our ambition is for startups from Abu Dhabi to compete globally, lead with purpose, and create lasting impact.' Doron Avni, Vice President of Government Affairs & Public Policy (GAPP) for Emerging Markets at Google, said: 'Startups are at the forefront of solving critical challenges with AI, and our partnership with Hub71 is about equipping them with the resources to go further, faster. 'Through this accelerator, we are enabling Hub71 startups access to global expertise and infrastructure, so they can build AI solutions that make a real impact, both regionally and around the world.' Alongside mentorship and technical resources, Google will provide early-stage founders with tailored playbooks and toolkits, as well as introductions to its investment arms and Alphabet's wider network, opening doors to new funding and commercial opportunities. The launch follows the strategic agreement signed in late 2024 to bring Google's startup programme to Abu Dhabi, reinforcing a shared ambition to expand access to advanced digital infrastructure, attract top talent, and foster cross-border collaboration in AI. As Abu Dhabi continues to invest in emerging technologies, the accelerator programme marks a significant milestone in its journey to becoming a global centre for AI. With the support of a global tech leader and world-class ecosystem, selected startups are poised to scale breakthrough innovations and shape the future of AI from Abu Dhabi to the world. Also Read: Photos: US President Trump Arrives In Abu Dhabi Source Arabian Business
Dubai Eye
09-05-2025
- Business
- Dubai Eye
14 new housing projects and loans approved for Abu Dhabi citizens
Image for illustration Abu Dhabi has approved 14 integrated housing projects, worth AED 82.7 billion, in the capital for Emirati citizens. The projects will deliver 35,000 housing benefits over the next five years, including 26,000 residential units, and the development of approximately 9,000 residential land plots. Approved by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, it's in line with the leadership's commitment to further enhance family stability and ensure social welfare. Sheikh Khaled also approved a series of additional benefits to the housing loans ecosystem. These include a community support subsidy of AED250,000 to be automatically and retroactively deducted from the total loan amount for all housing loans totalling AED1.75 million, as per the 2023 housing benefits policy. Loan repayment periods have also been extended to up to 30 years, offering more flexibility to citizens. In addition, monthly repayment values will be adjusted based on the beneficiary's monthly income. A deferred-payment home purchase loan will also be introduced for low-income citizens aged 25 to 45, enabling them to choose from a wider range of available housing options. Citizens above the age of 45 will be eligible for ready-built home grants from the capital projects. Citizens will also be exempt from fees related to mutually agreed land plot swaps, to facilitate the exchange process and support stronger community and family bonds.
ARN News Center
09-05-2025
- Business
- ARN News Center
14 new housing projects and loans approved for Abu Dhabi citizens
Abu Dhabi has approved 14 integrated housing projects, worth AED 82.7 billion, in the capital for Emirati citizens. The projects will deliver 35,000 housing benefits over the next five years, including 26,000 residential units, and the development of approximately 9,000 residential land plots. Approved by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, it's in line with the leadership's commitment to further enhance family stability and ensure social welfare. Sheikh Khaled also approved a series of additional benefits to the housing loans ecosystem. These include a community support subsidy of AED250,000 to be automatically and retroactively deducted from the total loan amount for all housing loans totalling AED1.75 million, as per the 2023 housing benefits policy. Loan repayment periods have also been extended to up to 30 years, offering more flexibility to citizens. In addition, monthly repayment values will be adjusted based on the beneficiary's monthly income. A deferred-payment home purchase loan will also be introduced for low-income citizens aged 25 to 45, enabling them to choose from a wider range of available housing options. Citizens above the age of 45 will be eligible for ready-built home grants from the capital projects.
Sharjah 24
09-05-2025
- Business
- Sharjah 24
Khaled bin Mohamed bin Zayed approves 14 new housing projects
The projects will deliver 35,000 new housing benefits over the next five years The projects will deliver 35,000 new housing benefits over the next five years, including 26,000 residential units for Abu Dhabi citizens, with a total budget of AED82.7 billion, in addition to the development of approximately 9,000 residential land plots. In line with the leadership's commitment to further enhance family stability and ensure social welfare, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has approved a series of additional benefits to the housing loans ecosystem. These include a community support subsidy of AED250,000 to be automatically and retroactively deducted from the total loan amount for all housing loans totalling AED1.75 million, as per the 2023 housing benefits policy. His Highness Sheikh Khaled bin Mohamed bin Zayed also approved the extension of loan repayment periods to up to 30 years His Highness Sheikh Khaled bin Further flexibility will be introduced in determining monthly repayment values, which will now be adjusted based on the beneficiary's monthly income, taking into consideration any changes in financial circumstances after the loan is issued. Additionally, a deferred-payment home purchase loan will be introduced for low-income citizens aged 25 to 45, enabling them to choose from a wider range of available housing options. Citizens above the age of 45 will be eligible for ready-built home grants from the capital projects. Citizens will also be exempt from fees related to mutually agreed land plot swaps, to facilitate the exchange process and support stronger community and family bonds. Sincere Gratitude Mohamed Ali Al Shorafa, Chairman of the Board of Directors of Abu Dhabi Housing Authority, said, 'We extend our sincerest gratitude to His Highness Sheikh Mohamed bin Zayed Al Nahyan and to His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, for their generous directives and continued commitment to the wellbeing of Emirati citizens, and for strengthening family stability and social cohesion through the provision of high-quality housing.' Hamad Hareb Al Muhairi, Director-General of Abu Dhabi Housing Authority, said, 'We extend our gratitude to His Highness Sheikh Mohamed bin Zayed Al Nahyan and to His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, for these directives that will have a lasting positive impact on the lives of Emirati families, aligning with the goals of the 'Year of Community' initiative, which promotes social cohesion and underscores the importance of quality housing in building a strong and tight-knit society.' He added, 'The AED250,000 community support deduction will be applied automatically to all eligible housing loan beneficiaries. In addition, the new monthly deduction policy will be implemented on all housing loans issued after 2015, with a cap of 10 per cent of total income and a maximum monthly payment of AED10,000. This new policy, designed in line with the leadership's direction to ease financial burdens on citizens, will come into effect in September 2025.'
TAG 91.1
09-05-2025
- Business
- TAG 91.1
14 new housing projects and loans approved for Abu Dhabi citizens
Abu Dhabi has approved 14 integrated housing projects, worth AED 82.7 billion, in the capital for Emirati citizens. The projects will deliver 35,000 housing benefits over the next five years, including 26,000 residential units, and the development of approximately 9,000 residential land plots. Approved by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, it's in line with the leadership's commitment to further enhance family stability and ensure social welfare. Sheikh Khaled also approved a series of additional benefits to the housing loans ecosystem. These include a community support subsidy of AED250,000 to be automatically and retroactively deducted from the total loan amount for all housing loans totalling AED1.75 million, as per the 2023 housing benefits policy. Loan repayment periods have also been extended to up to 30 years, offering more flexibility to citizens. In addition, monthly repayment values will be adjusted based on the beneficiary's monthly income. A deferred-payment home purchase loan will also be introduced for low-income citizens aged 25 to 45, enabling them to choose from a wider range of available housing options. Citizens above the age of 45 will be eligible for ready-built home grants from the capital projects. Citizens will also be exempt from fees related to mutually agreed land plot swaps, to facilitate the exchange process and support stronger community and family bonds.
