01 June 2020

Abu Dhabi Executive Council (Adec) has approved the order to disburse housing loans, homes and residential plots worth a total of Dh5.5 billion ($1.49 billion), granted to more than 5,500 Emirati nationals within the UAE emirate.

This comes following the directives from President HH Sheikh Khalifa bin Zayed Al Nahyan and HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Adec.

The approval of the first instalment of housing loans, houses and residential plots coincided with Eid Al Fitr, and is part of the UAE’s leadership’s commitment to ensure social stability, enhance living standards of emiratis and strengthen their role in contributing to the development in society, said Adec.

The directive from Sheikh Mohamed bin Zayed to double the number of housing loans to UAE citizens falls within Abu Dhabi’s Development Accelerator Programme, ‘Ghadan 21’, it added.  

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