Latest news with #EmiratiCitizens
Arabian Business
4 hours ago
- Business
- Arabian Business
Abu Dhabi hands out $1.3bn housing benefits ahead of Eid Al Adha
Abu Dhabi has approved AED4.62bn ($1.26bn) in housing benefits ahead of Eid Al Adha. Under the directives of President Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, approved a housing benefits package worth AED4.62bn ($1.26bn), benefiting 3,052 Emirati citizens across the emirate. The approved housing benefits package includes: Housing loans amounting to AED4.4bn ($1.2bn) benefiting 2,862 citizens Exemptions from housing loan repayments totalling AED212m ($58m) benefiting 190 citizens, limited-income retirees and beneficiaries of deceased citizens Abu Dhabi housing benefits 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 the emirate in 2025 to AED11.38bn ($3.1bn). Mohamed Ali Al Shorafa, Chairman of the Board of Directors of the 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.'
Zawya
6 hours 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.
Arabian Business
a day ago
- Business
- Arabian Business
Debts Settlement Fund
Last February, 13 national banks waived the debts of 3,310 Emirati citizens from loans totalling $98.28 million
Trade Arabia
15-05-2025
- Business
- Trade Arabia
Dubai approves $572m new housing projects
A new AED2 billion ($572 million) housing package for Emirati citizens in Dubai was approved by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai. The approval came following his visit Wadi Al Amardi housing project in Dubai. He was briefed on the progress of all ongoing housing projects during the visit, said a Wam news agency report. During the tour, Sheikh Hamdan inspected the housing projects in Wadi Al-Amardi and reviewed plans for several new developments comprising more than 1,100 residential units for citizens. These projects are spread across four key areas including Wadi Al Amardi, Al Aweer, Hatta, and Oud Al Muteena. Sheikh Hamdan said the new housing projects will feature modern designs that meet the aspirations of Emirati families, with well-planned communities offering advanced infrastructure, quality services, and comprehensive public facilities. He also praised the Mohammed Bin Rashid Housing Establishment team for their efforts in delivering projects that support well-being and stability of citizens, emphasising that this remains a key government priority. A total of 1,163 housing units are currently under construction across several areas in the emirate, including: 432 units in Wadi Al-Amardi valued at AED767.9 million, 398 units in Al Aweer valued at AED734.1 million, 213 units in Hatta valued at AED508.5 million, and 120 units in Oud Al Muteena valued at AED113.8 million.
Emirates 24/7
14-05-2025
- Business
- Emirates 24/7
Hamdan bin Mohammed inspects Wadi Al Amardi housing project, approves AED2 billion housing package
- Hamdan bin Mohammed inspects Wadi Al-Amardi housing project, approves AED2 billion housing package His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, today visited Wadi Al-Amardi housing project in Dubai. His Highness was briefed on the progress of all ongoing housing projects and approved a housing package worth over AED2billion for Emirati citizens in Dubai. During the tour, His Highness inspected the housing projects in Wadi Al-Amardi and reviewed plans for several new developments comprising more than 1,100 residential units for citizens. These projects are spread across four key areas including Wadi Al-Amardi, Al Aweer, Hatta, and Oud Al Muteena, with a total investment exceeding AED2billion. His Highness said the new housing projects will feature modern designs that meet the aspirations of Emirati families, with well-planned communities offering advanced infrastructure, quality services, and comprehensive public facilities. He also praised the Mohammed Bin Rashid Housing Establishment team for their efforts in delivering projects that support well-being and stability of citizens, emphasising that this remains a key government priority. During the visit, Sheikh Hamdan reviewed a model of the homes being built. These homes are designed to the highest architectural and engineering standards, offering a comfortable and sustainable living environment that addresses the needs of Emirati families, with a focus on privacy, quality, and the integration of essential infrastructure and services. A total of 1,163 housing units are currently under construction across several areas in the emirate, including: 432 units in Wadi Al-Amardi valued at AED767.9 million, 398 units in Al Aweer valued at AED734.1 million, 213 units in Hatta valued at AED508.5 million, and 120 units in Oud Al Muteena valued at AED113.8 million. Follow Emirates 24|7 on Google News.
