The UAE government has approved Dh390 million ($106 million) worth of housing loans and grants for 629 eligible Emiratis under its Sheikh Zayed Housing Programme, said a report.

The amount covers 518 residential housing grants and 111 housing loans, reported the state news agencey Wam, citing a senior minister.

Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Public Works and chairman of the board of directors of the national housing scheme gave the approval during the weekly board meeting.

The minister said the government move reflects its keen efforts in achieving happiness and providing modern housing units and decent living conditions and welfare for all nationals, said the report.