UAE President clears Dhs7.7b worth of housing benefits ahead of National Day

Under the directives of President His Highness Sheikh Mohamed Bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, His Highness Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the disbursement of the third housing benefits package in 2024 to citizens of Abu Dhabi.

These benefits, which are valued at Dhs7.72 billion, have been distributed among 5,374 citizens across the emirate.

The third package includes housing loans totalling more than Dhs3.569 billion in value and aiding 2,373 citizens. The package also includes residential land and housing grants worth Dhs3.67 billion, benefiting 2,540 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 Dhs486 million. This exemption has directly benefited 461 citizens in the emirate.

With this package, the total value of housing benefits disbursed during 2024 has reached Dhs13.216 billion, benefiting 8,891 citizens across the emirate, including the exemption of senior citizens, retirees with low incomes, and the families of deceased citizens, from housing loan payments amounting to Dhs847.2 million — benefiting 805 citizens — and housing loans totalling Dhs8.361 billion — benefiting 5,194 citizens — as well as Dhs4 billion in residential land and housing grants, benefiting 2,892 citizens.

With this package, the total value of housing benefits disbursed since the establishment of Abu Dhabi Housing Authority has reached approximately Dhs162.1 billion, covering more than 118,700 housing benefits.

Mohamed Ali Al Shorafa, Chairman of Department of Municipalities and Transport (DMT), Chairman of the Board of Directors of Abu Dhabi Housing Authority, said, "We extend our deepest gratitude to President His Highness Sheikh Mohamed hBin Zayed Al Nahyan, 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 generous directives to disburse the third housing and benefits package in 2024. The distribution of this package highlights our leadership’s continued dedication to enhance the welfare of our citizens and their families, and nurture familial and social cohesion within the emirate, while advancing its comprehensive development.”

Hamad Hareb Al Muhairi, Director-General of Abu Dhabi Housing Authority, said, "The directives to distribute the third housing benefits package exemplify the priority of our leaders, showcasing their steadfast dedication to the wellbeing of Emirati citizens, which is paramount focus on the national agenda. Abu Dhabi Housing Authority remains dedicated to continually promoting its programmes and services to provide housing for all citizens in Abu Dhabi, while also advancing the housing sector in alignment with the directives and vision of the leadership.”

The disbursement of this year’s third housing benefits package coincides with the UAE’s celebrations marking Eid Al Etihad, falling on 2nd December every year, reflecting the leadership’s continued dedication to ensuring the wellbeing of Emirati families.

WAM