Latest news with #AED4.4
Filipino Times
2 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
3 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
3 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
3 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.
Trade Arabia
05-05-2025
- Business
- Trade Arabia
Alpha Dhabi Holding reports $4.74bn revenue for Q1
Alpha Dhabi Holding has reported a revenue of AED17.4 billion ($4.74 billion) for the quarter ending March 31, 2025, a 23 percent increase YoY, reflecting the depth of Alpha Dhabi's diverse portfolio alongside its consistent track record of growth. The company's adjusted EBITDA 1 for the period is AED4.4 billion, up 33 percent year-on-year (YoY). Alpha Dhabi's continued momentum in strategy execution across key verticals has been a key driver of the strong performance, said a Wam news agency report. Net profit stood at AED2.1 billion, down from the same period last year, reflecting changes in the fair market value of some of the group's public listed investments. The group's financial position remains strong, with total assets of AED185.2 billion and an equity of AED93.5 billion. Alpha Dhabi is strategically poised to forge further ahead with its growth ambitions, which will include further possibilities for acquisitions and geographical diversification. The increasing diversity and depth of Alpha Dhabi's portfolio have been a significant driver of its revenue growth and contribution to the increase in net profit from operations. The company's portfolios in real estate (AED6.4 billion), industrial (AED6.2 billion), construction (AED2.7 billion), and services and others (AED2.1 billion) contributed significantly to total revenue. Mohamed Thani Murshed Ghannam Al Rumaithi, Chairman of Alpha Dhabi Holding, said: 'Alpha Dhabi began 2025 on a strong footing, building on a year of transformation and guided by a clear strategy for future growth. Collectively, we have advanced the business both horizontally and vertically, strategically capturing opportunities with the potential to deliver deep, meaningful growth. Our financial performance for the quarter reflects the pace of this growth, with our success being underpinned by the evolution of a portfolio which spans diverse geographies and future-focused sectors.' Hamad Al Ameri, Managing Director and Group CEO of Alpha Dhabi Holding, said the Q1 2025 results demonstrate the power of Alpha Dhabi's investment strategy by focusing on opportunities created by growing economies and populations, technological disruption and sustainable business models. "We remain focused on investments that diversify revenues, create value across the economy, and position Alpha Dhabi for long-term growth,' he added.
