Abu Dhabi approves Dhs3.3bn housing benefits package for citizens

Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi,  and Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, have approved the disbursement of the second housing and benefits package of 2024.

The package, valued at Dhs3.309bn, will benefit 2,015 citizens across the emirate.

The housing benefits package includes housing loans worth more than Dhs3.046bn, aiding 1,766 citizens.

Among these, 782 loans will be allocated for purchasing residential units in the Balghaiylam residential project.

Additionally, senior citizens, retirees with low incomes and families of deceased citizens will be exempted from housing loan payments, amounting to more than Dhs262.8m.

This exemption benefits 249 citizens in the emirate.

Under the directives of Mohamed bin Zayed… Khaled bin Mohamed bin Zayed has approved the disbursement of housing benefits worth AED3.3bn to 2,015 citizens in the emirate of Abu Dhabi. The second housing package of 2024 coincides with Eid Al Adha celebrations. pic.twitter.com/4JrnYX1K1C

— مكتب أبوظبي الإعلامي (@ADMediaOffice) June 13, 2024

Abu Dhabi is committed to the wellbeing of its citizens

Mohamed Ali Al Shorafa, chairman of the Board of Directors of the Abu Dhabi Housing Authority, expressed gratitude for the leadership’s generosity: “We extend our deepest gratitude to HH Sheikh Mohamed bin Zayed Al Nahyan and HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan for their generous directives. The distribution of this package highlights our leadership’s continued dedication to improving the welfare of our citizens and their families, nurturing familial and social cohesion, and advancing comprehensive development within the emirate.”

Hamad Hareb Al Muhairi, director general of the Abu Dhabi Housing Authority, emphasised the leadership’s focus on citizens’ wellbeing: “The directives to distribute the second housing benefits package exemplify our leaders’ steadfast dedication to the wellbeing of Emirati citizens.

“Abu Dhabi Housing Authority remains dedicated to continually improving its programmes and services to provide housing for all citizens in Abu Dhabi, while also advancing the housing sector in alignment with the leadership’s vision.”

The disbursement of the second housing benefits package coincides with the upcoming Eid Al Adha, reflecting the leadership’s commitment to ensuring the wellbeing of Emirati families. With this package, the total value of housing benefits disbursed since the establishment of the Abu Dhabi Housing Authority has reached more than Dhs152bn.

More recently, the UAE Cabinet, led by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a new housing package valued at Dhs1.682bn ($458m) for Emirati citizens. This initiative coincides with the upcoming Eid Al-Adha holiday and aims to enhance social stability by ensuring access to affordable housing.

Read: UAE Cabinet approves housing aid valued at Dhs1.86bn ahead of Eid-Al-Adha

“We approved during the cabinet meeting, 2,160 new housing decisions for citizens under the Sheikh Zayed Housing Program valued at Dhs1.682bn. We also approved a project to simplify and reduce procedures within the programme in collaboration with 24 government entities,” Sheikh Mohammed bin Rashid said.

Also read: Abu Dhabi approves Dh2.18bn housing package for citizens