UAE Vice President and Prime Minister of the UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum has ordered the exemption of financially-distressed citizens and those whose monthly income is below Dh15,000 ($4,083.4), from repaying the remainder of housing loans taken under the Sheikh Zayed Housing Programme (SZHP).

The royal decree also covers the families of deceased Emirati citizens, said a statement from Dubai Media office.

It is aimed at alleviating the financial burdens of low-income groups, and help their families achieve social and economic stability, it added.-TradeArabia News Service