Abu Dhabi provides AED 61 billion in home loans

iStock

The Abu Dhabi government has provided housing loans worth AED 61 billion to UAE citizens over the last seven years.

It has also distributed more than 25,400 homes and land plots during the same period.

The grants have been provided through the Abu Dhabi Housing Authority that has also taken steps to clear the loans of retirees and people of determination.

Loans worth AED 650 million have been waived during the last six months alone.

More from Business

Coming Up on Dubai Eye

  • Entertainment Extra

    1:00pm - 2:00pm

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.