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Abu Dhabi approves AED 2.18 billion housing package

Monday, 8 April 2024 16:00

By ARN News Staff

WAM

The Abu Dhabi government has announced housing benefits worth AED 2.18 billion supporting 1,502 citizens across the emirate.

The latest package, the first of 2024, includes housing loans, ready-built houses and residential land grants, totalling more than AED 2.08 billion in value and aiding 1,407 citizens.

Additionally, senior citizens, retirees with low incomes, and the families of deceased citizens have been exempted from housing loan payments, amounting to more than AED 98 million. This exemption has directly benefited 95 citizens in the emirate.

The package, which coincides with Eid Al Fitr celebrations, was approved by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi.

The total value of housing benefits disbursed since the establishment of the Abu Dhabi Housing Authority has now reached more than AED 149 billion.

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