Tag: ADHA

  • Abu Dhabi Approves $419 Million Housing Package Ahead of Eid Al Adha

    Abu Dhabi Approves $419 Million Housing Package Ahead of Eid Al Adha

    The second housing package of 2026 was announced following directives from His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, in his capacity as Ruler of Abu Dhabi, underscoring the leadership’s ongoing commitment to promoting family and social stability through sustainable housing solutions.

    Housing Loans and Exemptions Total AED1.54 Billion

    The approved package comprises housing loans valued at AED1.41 billion, benefiting 929 citizens, and exemptions from housing loan repayments totaling AED123 million, supporting 145 senior citizens, limited-income retirees, and families of deceased citizens across the emirate.

    “We extend our deepest gratitude and appreciation to His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and to His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, for their continued directives that place citizens’ needs at the forefront of all priorities to achieve social stability,” said His Excellency Mohamed Ali Al Shorafa, Chairman of the Board of Directors of Abu Dhabi Housing Authority (ADHA).

    “The leadership remains steadfast in its commitment to ensuring a dignified life and suitable housing for local families, fostering their wellbeing and security while contributing to a cohesive society that actively supports the nation’s development journey.”

    Record Housing Support in 2026

    His Excellency Hamad Hareb Al Muhairi, Director-General of Abu Dhabi Housing Authority, emphasized that the package aligns with the nation’s comprehensive development objectives and reinforces the vital role of suitable housing in building a cohesive and prosperous society.

    With this approval, the total value of housing benefits delivered to citizens in Abu Dhabi during 2026 has reached AED5.76 billion. Since the establishment of the Abu Dhabi Housing Authority, more than 133,000 housing benefits have been delivered to citizens, exceeding AED182 billion in total value.

    The timing ahead of Eid Al Adha demonstrates the leadership’s focus on enhancing citizen welfare during significant occasions, reinforcing Abu Dhabi’s position as a government committed to long-term social stability and family wellbeing.

    Al Muhairi reaffirmed ADHA’s commitment to continuously developing its programs and services to ensure citizens across Abu Dhabi can access suitable housing with ease and convenience, while advancing the housing sector in alignment with the leadership’s vision.

    The emirate’s housing sector has witnessed significant momentum in 2026, with initiatives such as the ADIB and DAMAC financing plan offering up to 85% loan-to-value ratios, broadening access to homeownership across the UAE. Meanwhile, Aldar’s partnership with DMT to develop over 20 million square meters underscores the scale of residential expansion in the capital.