Abu Dhabi approves Dh2.18bn housing package for citizens

Image: Abu Dhabi Media Office/ WAM

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the disbursement of the first housing and benefits package for 2024, valued at Dhs2.18bn.

The package was approved under the directive of UAE President Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi.

The housing benefits package covers a range of provisions including housing loans, ready-built houses, and residential land grants.

These initiatives, totalling more than Dhs2.082bn in value, have been instrumental in aiding 1,407 citizens across Abu Dhabi.

Additionally, senior citizens, retirees with low incomes, and the families of deceased citizens have been granted exemptions from housing loan payments, amounting to more than Dhs98m, benefitting 95 citizens directly.

Mohamed Ali Al Shorafa, chairman of the board of directors of Abu Dhabi Housing Authority, said the distribution of the housing benefits package aims to build familial and social cohesion while advancing the comprehensive development agenda of the emirate.

Hamad Hareb Al Muhairi, director general of Abu Dhabi Housing Authority, affirmed the authority’s commitment to continually improving its programmes and services to provide housing for all citizens in Abu Dhabi, in alignment with the directives and vision of the leadership.

Under the directives of Mohamed bin Zayed… Khaled bin Mohamed bin Zayed has approved the disbursement of housing benefits worth AED2.18bn to 1,502 citizens in the emirate of Abu Dhabi. The first housing package of 2024 coincides with Eid Al Fitr celebrations. pic.twitter.com/axds1aA4iB

— مكتب أبوظبي الإعلامي (@ADMediaOffice) April 8, 2024

Housing package part of a bigger vision

The timing of the distribution of this year’s first housing benefits package, coinciding with Eid Al Fitr, underscores the leadership’s steadfast commitment to ensuring the wellbeing of Emirati families.

The initiative aims to enhance overall welfare, stability, and quality of life, thereby contributing to the holistic development of Abu Dhabi.

With this latest disbursement, the total value of housing benefits disbursed by Abu Dhabi Housing Authority since its establishment surpasses Dhs149bn.

In other news, the Abu Dhabi Projects and Infrastructure Centre announced the approval of 144 projects by the Abu Dhabi Executive Council.

With a total budget of approximately Dhs66m, these initiatives will boost development across sectors such as housing, education, tourism and natural resources.

Read: Abu Dhabi greenlights Dhs66bn development drive in 2024