ABU DHABI (ALETIHAD)
Under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, 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 Dh7.72 billion, have been distributed among 5,374 citizens across the emirate.
The third package includes housing loans totalling more than Dh3.569 billion in value and aiding 2,373 citizens. The package also includes residential land and housing grants worth Dh3.67 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 Dh486 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 Dh13.216 billion, benefitting 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 Dh847.2 million – benefitting 805 citizens – and housing loans totalling 8.361 billion – benefitting 5,194 citizens – as well as Dh4 billion in residential land and housing grants, benefitting 2,892 citizens.
With this package, the total value of housing benefits disbursed since the establishment of Abu Dhabi Housing Authority has reached approximately Dh162.1 billion, covering more than 118,700 housing benefits.
His Excellency 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 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 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.”
His Excellency 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 2 December every year, reflecting the leadership’s continued dedication to ensuring the wellbeing of Emirati families.