Sheikh Mohammed approves Dhs1.6bn in housing loans
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Sheikh Mohammed approves Dhs1.6bn in housing loans

Sheikh Mohammed approves Dhs1.6bn in housing loans

Housing loans for 2,000 Emiratis were approved under the Sheikh Zayed Housing Programme

Gulf Business
Housing programme _ Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai image credit: Dubai Media Office

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved housing loans for 2,000 Emiratis under the Sheikh Zayed Housing Programme.

The total value of the loans approved was Dhs1.6bn.

The programme, named after its esteemed founder, continues to achieve the goal for which it was established, Sheikh Mohammed said in a tweet.

“We recall his quote that wealth and life fade away, but working for the nation endures and is immortal.”

 

The Sheikh Zayed Housing Programme

The programme was established in 1999 and provides interest-free loans repayable over a 25-year period to low-income citizens.

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