Tag: UAE housing loans

  • Abu Dhabi Approves $1.15 Billion Housing Package for Citizens

    Abu Dhabi Approves $1.15 Billion Housing Package for Citizens

    The housing package, approved under the directives of Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, includes housing loans amounting to AED2.1 billion for 1,415 citizens, ready-built housing grants valued at AED1.82 billion for 914 citizens, residential land grants worth AED144 million for 185 citizens, and exemptions from housing loan repayments totalling AED142 million for 138 senior citizens, limited-income retirees, and heirs of deceased citizens.

    Abu Dhabi’s disbursement of the first housing package of 2026 comes ahead of Eid Al Fitr and reflects the leadership’s ongoing commitment to enhancing Emirati families’ wellbeing and ensuring their social stability and happiness in an environment that meets their aspirations and needs.

    “We extend our sincere 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 generous directives, care and commitment to providing citizens with the highest standards of living,” said Mohamed Ali Al Shorafa, Chairman of the Board of Directors of Abu Dhabi Housing Authority.

    Al Shorafa added that the leadership’s directives to disburse this housing benefits package reflect their commitment to meeting citizens’ aspirations and housing needs, enhancing their quality of life and ensuring stability and well-being for Emirati families.

    This package brings the total housing benefits delivered to citizens in Abu Dhabi since the establishment of the Abu Dhabi Housing Authority to more than 132,000, exceeding AED181 billion.

    Hamad Hareb Al Muhairi, Director-General of Abu Dhabi Housing Authority, noted that the new housing benefits package embodies the leadership’s ongoing dedication to ensuring dignified living standards and family stability for Emirati citizens, while serving comprehensive development objectives and underscoring the importance of suitable housing as a cornerstone of a cohesive and prosperous society.

    Al Muhairi further stated that Abu Dhabi Housing Authority continuously works to enhance and develop its programs and services, facilitating citizens’ access to suitable housing, in line with the leadership’s directives and ambitious vision for a prosperous future for citizens.

    The announcement comes as regional authorities continue to prioritize citizen welfare through housing initiatives. Earlier on March 18, Dubai allocated 4,631 residential plots valued at Dh5.3 billion for Emirati citizens across multiple communities. Abu Dhabi’s housing sector has also demonstrated strong momentum, with 75 million square meters of development approved in 2025, marking a 137% year-on-year increase.