Sheikh Mohamed bin Zayed disburses Dhs7bn housing loans for Emiratis in Abu Dhabi

Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council of Abu Dhabi, has ordered the disbursement of housing loans worth Dhs7bn to 6,100 citizens in Abu Dhabi.

Additionally, the ruling issued by way of a directive from UAE President Sheikh Khalifa bin Zayed Al Nahyan, has exempted retired low-income citizens from repaying the loans.

Read: Sheikh Mohammed exempts financially distressed citizens from repaying housing loans

The approval of the loans and exemptions, which is part of the 2020 housing packages of Dhs15.5bn, coincides with the celebrations of the country’s 49th National Day.

According to state news agency WAM, this year, approvals were issued for more than 5,000 housing loans, reflecting the keenness of Sheikh Mohamed bin Zayed to promote the Abu Dhabi government accelerator programme, Ghadan 21, and double housing loans for UAE citizens.