Abu Dhabi Executive Council has approved the disbursement of housing benefits worth a total of AED2.74 billion ($746 million) to 1,800 Emirati citizens in the UAE capital.

 

This comes following the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.

 

The housing benefits include the exemption of low-income retirees and families of deceased mortgagors from loan repayments covering Abu Dhabi, Al Ain and Al Dhafra regions, reported Wam. 

 

Loans include the following housing categories: construction, demolition and reconstruction, as well as maintenance and expansion.

 

Mohammed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport (DMT) and Chairman of Abu Dhabi Housing Authority, said the first housing package of 2023, which coincides with Eid Al Fitr celebrations, reflects the leadership’s commitment to ensuring social stability and enabling citizens to raise strong, stable families that will benefit the future of the UAE.

 

He stressed Abu Dhabi Housing Authority's commitment to developing a modern and sustainable housing system in the emirate that achieves the leadership’s vision and meets the needs of citizens and their families.