Latest news with #housingbenefits
Zawya
2 days ago
- Business
- Zawya
Abu Dhabi approves $1.3bln housing benefits package for citizens
Abu Dhabi Executive Council, has approved a housing benefits package worth AED4.62 billion ($1.3 billion) ahead of Eid Al Adha, that will cater to the housing needs of 3,052 Emirati citizens. This comes following the directives of President HH 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. 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, reported Wam. 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, it stated. 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." 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 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. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Arabian Business
5 days 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
5 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.
Khaleej Times
5 days ago
- Business
- Khaleej Times
Abu Dhabi grants Dh4.4-billion worth housing loans to citizens, waives debts
Abu Dhabi's Crown Prince approved a Dh4.62 billion-worth housing benefits package for citizens on June 5, a day before faithful across the country celebrate Eid Al Adha. Under the move, 3,052 citizens will benefit from the package, which includes housing loans and exempting certain categories of citizens from repaying housing loans. The housing loans — worth Dh4.4 billion — will benefit 2,862 citizens. Meanwhile, 190 citizens, which include retirees and beneficiaries of deceased citizens, will be exempted from repaying loans worth Dh212 million. The initiative, approved by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, comes under the directive of UAE President, Sheikh Mohamed, in his capacity as Ruler of Abu Dhabi. 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 and empowering them to actively contribute to the nation's progress. This package brings the total housing benefits delivered to citizens in Abu Dhabi in 2025 to Dh11.38 billion. The housing benefits package 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 instalments, and a wide range of other services and facilities.
Arabian Business
09-05-2025
- Business
- Arabian Business
Abu Dhabi housing
The housing benefits package will be distributed among 2,015 citizens which includes housing loans worth over $800m for 1,766 citizens in Abu Dhabi
