Latest news with #AbuDhabiHousingAuthority
Filipino Times
15 hours 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%.
Gulf Today
17 hours ago
- Business
- Gulf Today
Sheikh Khaled clears Dhs4.62b housing benefits for 3,052 citizens
Under the directives of President His Highness Sheikh Mohamed Bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, 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 Dhs4.62 billion, benefiting 3,052 Emirati citizens across the emirate. The approved housing benefits package includes housing loans amounting to Dhs4.4 billion benefiting 2,862 citizens, and exemptions from housing loan repayments totalling Dhs212 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 well-being 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. This package brings the total housing benefits delivered to citizens in Abu Dhabi in 2025 to Dhs11.38 billion. Mohamed Ali Al Shorafa, Chairman of the Board of Directors of Abu Dhabi Housing Authority, said, 'The new housing benefits package reflects the leadership's commitment to empowering citizens through the provision of quality housing that promotes family stability and elevates quality of life. On this occasion, we extend our heartfelt gratitude to President His Highness Sheikh Mohamed Bin Zayed Al Nahyan, and to His Highness Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, for their enduring support to advance the housing sector and foster a thriving and cohesive society.' Hamad Hareb Al Muhairi, Director-General of Abu Dhabi Housing Authority, said, 'The second housing package of 2025 highlights the depth of our leadership's strategic vision to build a prosperous future, enhancing quality of life and providing sustainable housing solutions that meet Emirati citizens' needs and aspirations. 'The generous support from President His Highness Sheikh Mohamed Bin Zayed Al Nahyan, and His Highness Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, reaffirms the leadership's steadfast commitment to fostering social and family stability and ensuring a fulfilling life for Emirati families.' The housing benefits package follows the recent endorsement of an additional community support subsidy of Dhs250,000 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. WAM
Sharjah 24
a day ago
- Business
- Sharjah 24
Khaled bin Mohamed approves AED4.62 billion housing package
More than 3,000 Emiratis to receive housing support A total of 3,052 Emirati citizens across Abu Dhabi will benefit from the latest package. The support includes AED4.4 billion in housing loans for 2,862 individuals. Additionally, AED212 million has been allocated to exempt 190 citizens—comprising limited-income retirees and beneficiaries of deceased citizens—from loan repayments. Housing package timed for Eid Al Adha and UAE Year of Community This second housing package of 2025 has been strategically issued ahead of Eid Al Adha. It reflects the leadership's commitment to strengthening family wellbeing, improving quality of life, and aligning with the UAE Year of Community. The initiative aims to deepen social cohesion and reinforce community bonds. Total housing support for 2025 reaches AED11.38 billion With the approval of this package, the total value of housing benefits provided to citizens in Abu Dhabi during 2025 has reached AED11.38 billion. This continued investment underscores the government's long-term vision of sustainable development and citizen empowerment. Abu Dhabi Housing Authority leaders commend initiative Mohamed Ali Al Shorafa, Chairman of the Board of Directors at the Abu Dhabi Housing Authority, highlighted the leadership's enduring support for citizens through quality housing initiatives. He stated that the package is a powerful example of the government's efforts to enhance family stability and social wellbeing. Hamad Hareb Al Muhairi, Director-General of the Abu Dhabi Housing Authority, added that the package reflects the forward-looking vision of the leadership. He emphasized that it aims to provide sustainable housing solutions that fulfill the needs and aspirations of Emirati families while securing their long-term prosperity. Broader support measures also recently approved This housing initiative follows the recent approval of an additional community support subsidy of AED250,000 for existing beneficiaries of housing loans. The support includes significant reductions in monthly loan instalments—up to 50 percent—and access to various other supportive services and facilities aimed at improving living standards for citizens.
The National
a day ago
- Business
- The National
Sheikh Khaled approves Dh4.62bn housing package for Abu Dhabi citizens
Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, on Thursday approved Dh4.62 billion in housing support for Emiratis in the capital. The benefits package – the second to be delivered this year – will be shared between 3,052 citizens and comes on the eve of the nation's Eid Al Adha celebrations. The assistance is largely made up of housing loans valued at Dh4.4 billion, which will be provided to 2,862 people. Exemptions from housing loan repayments worth Dh212 million were also agreed on behalf of 190 citizens, limited-income retirees and beneficiaries of deceased citizens. Sheikh Khaled previously approved a housing benefits package worth Dh6.75 billion for Emiratis before Eid Al Fitr this year. 'The new housing benefits package reflects the leadership's commitment to empowering citizens through the provision of quality housing that promotes family stability and elevates quality of life," said Mohamed Ali Al Shorafa, chairman of the board of directors of Abu Dhabi Housing Authority. The housing aid was delivered under the directives of President Sheikh Mohamed, in his capacity as Ruler of Abu Dhabi. The support follows the recent endorsement of an additional community support subsidy of Dh250,000 for existing beneficiaries of housing loans, including a reduction of up to 50 per cent in monthly loan repayments, and a wide range of other services and facilities.
Zawya
2 days ago
- Business
- Zawya
UAE: Crown Prince of Abu Dhabi approves $1.26bln housing benefits package for citizens ahead of Eid Al Adha
Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, H.H. 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, benefiting 3,052 Emirati citizens across the emirate. 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. This package brings the total housing benefits delivered to citizens in Abu Dhabi in 2025 to AED11.38 billion. Mohamed Ali Al Shorafa, Chairman of the Board of Directors of Abu Dhabi Housing Authority, said, 'The new housing benefits package reflects the leadership's commitment to empowering citizens through the provision of quality housing that promotes family stability and elevates quality of life. On this occasion, we extend our heartfelt gratitude to President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and to H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, for their enduring support to advance the housing sector and foster a thriving and cohesive society.' Hamad Hareb Al Muhairi, Director-General of Abu Dhabi Housing Authority, said, 'The second housing package of 2025 highlights the depth of our leadership's strategic vision to build a prosperous future, enhancing quality of life and providing sustainable housing solutions that meet Emirati citizens' needs and aspirations. 'The generous support from President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, reaffirms the leadership's steadfast commitment to fostering social and family stability and ensuring a fulfilling life for Emirati families.' The housing benefits 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.
