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Time of India
5 days ago
- Business
- Time of India
Dubai Crown Prince waives Dh101 million in housing loans for 303 citizens ahead of Eid Al Adha
Source: X Dubai has made a generous move to support its citizens as Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, orders the waiver of Dh101 million in mortgage debts for 303 Emirati nationals. This decision, announced ahead of the Eid Al Adha celebrations, highlights the UAE's ongoing commitment to improving the quality of life for its people. It reflects the leadership's focus on social welfare, economic stability, and creating a caring society. The gesture is part of a wider vision to ensure citizens can celebrate the festive season with greater financial ease and peace of mind. As Dubai gears up to celebrate Eid Al Adha, this historic decision to forgive housing loans is a demonstration of the UAE values of benevolence, unity, and accountability in leadership. It is not just relief from financial burdens but also a sense of national cohesion and confidence between the government and citizens. Dubai initiative waives Dh101 million in housing loans for 303 citizens The program was executed under the instructions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The exemption of debt is in line with the efforts of the leadership to increase citizens' quality of life and support social stability. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Sheikh Hamdan, who is also Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, implemented the directive on June 4, a day before the beginning of the Eid holidays. The news, issued through a tweet from the Dubai Media Office, was particularly symbolic in that it was delivered during the first ten days of Dhul Hijjah, a significant period for Muslims characterised by acts of piety, charity, and the holy pilgrimage of Hajj. Eid Al Adha, a celebration of sacrifice and generosity, also increased the significance of this move, providing economic relief and happiness to hundreds of Emirati families preparing to celebrate one of the holiest festivals of the Islamic calendar. Source: X UAE measures to relieve their citizens from financial burdens This mortgage forgiveness is not a one-off move. The UAE over the past few weeks has seen a string of measures that have helped to relieve its citizens of their financial burdens: Debt forgiveness for retirees and those in need: The UAE President had previously directed the waiver of loan payments for 222 citizens, specifically retirees and social support recipients. Mass release of inmates: In a further act of compassion, officials directed the release of 963 prisoners from prisons, most of whom were incarcerated for economic crimes. The state has pledged to pay for the economic obligations associated with their cases. These policies are part of a unified national approach aimed at enhancing social ties, sustaining justice, and sustaining economic prosperity throughout the Emirates. UAE's goal for a strong and united community The UAE leadership continues to provide a regional model for humane leadership. Cancelling the debt of more than 300 citizens is an expression of the government's long-standing desire to ensure that financial burdens do not impinge on the social and individual growth of the citizens. By combining strategic leadership with humane values, the UAE is solidifying its position as a forward-thinking and people-centred country. Also Read | Eid Al Adha 2025 celebrations begin across UAE: Win gold coins, experience live concerts, cultural shows and many more
Al Etihad
6 days ago
- Business
- Al Etihad
Hamdan bin Mohammed orders exemption of 303 citizens from Dh101 million in outstanding mortgage debt
4 June 2025 16:32 DUBAI (ALETIHAD)Following the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, issued directives to exempt 303 citizens from repaying the outstanding balances on their mortgages, amounting to Dh101 initiative aims to support Emirati citizens in Dubai, and improve their quality of life. It also underscores the leadership's unwavering dedication to supporting citizens, enhancing their quality of life, and placing their well-being at the heart of national priorities. This compassionate gesture comes on the eve of Eid Al-Adha, spreading joy and uplifting the spirits of beneficiaries and their families during these blessed days. Source: Aletihad - Abu Dhabi
