Construction

Abu Dhabi to provide $1.8bn in housing aid

In 2019, more than 6000 housing loans, 250 houses, and 1800 plots of land were distributed to UAE nationals

HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council has announced that he has ordered $1.8 billion in housing packages.

This will include loans, houses and land to be granted to over 5000 Emiratis within Abu Dhabi.

The directive from Sheikh Mohamed to double the number of housing loans to UAE citizens falls within Abu Dhabi’s Development Accelerator Programme, ‘Ghadan 21’, and coincides with the 48th UAE National Day.

According to a report from WAM, more than 6000 housing loans, 250 houses and 1800 plots of land were distributed to UAE nationals in 2019, which had a total value of $3.1 billion.

In implementation of the directives of President HH Sheikh Khalifa bin Zayed Al Nahyan, the disbursement stems from the leadership’s keen interest in ensuring social stability, and in enhancing the well-being of UAE nationals so that they can contribute to the ongoing process of social development, WAM reported.

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