Today: 8 February 2025
12 July 2022
1 min read

Abu Dhabi grants Dh1.5bn housing benefits to Emiratis

The approval of the second package for 2022 coincides with the joy of celebrating Eid al-Adha and is based on the keenness of the wise leadership to ensure social stability…reports Asian Lite News

President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as the ruler of Abu Dhabi, has ordered the disbursement of Dh1.5 billion worth of housing benefits to Abu Dhabi citizens, covering more than 1,100 beneficiaries in the emirate.

The benefits package includes grants for houses, housing loans, and the exemption of retirees and deceased families from paying the dues of housing loans.

The approval of the second package for 2022 coincides with the joy of celebrating Eid al-Adha and is based on the keenness of the wise leadership to ensure social stability, enhance living standards and a decent life for citizens, and enhance their role in contributing to advancing development in society.

These directives also reflect the interest of the wise leadership and its constant keenness to meet the aspirations and needs of citizens, provide decent livelihoods and the well-being of the people of the country and their families, and build a cohesive society within an environment that enhances the contribution to building and progressing the country.

The YAE Cabinet has recently approved housing loans for citizens worth Dh2.4 billion for the next six months with 500 beneficiaries per month. The move comes as a part of new Hosing Loan Policy. The target of the current year is 3,000 housing loans beneficiaries.

Meanwhile, The Cabinet also approved the rules and conditions for granting the citizen employee working in the federal government a “sabbatical leave”, where the employee may be granted an exceptional leave to establish or manage any of the private projects he owns, provided that the purpose of the leave is to establish an economic project in the private sector or manage an existing project or participating with others.

The employee should have the necessary approvals from the competent authorities.

ALSO READ: UAE President exchanges Eid greetings

Previous Story

Twitter shares slump amid Musk’s walkout

Next Story

Emiratisation rates increase in private sector

Latest from -Top News

‘Ozoum’ shines light on social change 

A groundbreaking Saudi television series is offering an unprecedented glimpse into the Kingdom’s social transformation, captivating domestic audiences and challenging long-standing perceptions, writes Pedro Carvalho  A groundbreaking television series is offering unprecedented

KCF Festival Unites Karnataka Talent in UAE 

Enthusiastic participants displayed Karnataka’s cultural legacy through various artistic performances, making the event a grand celebration of talent.   The 6th edition of the KCF UAE National Level Talent Festival, Prathibhotsava 25, was

SME growth in focus at UAE-South Africa talks 

Bin Salem highlighted that SMEs constitute over 75-80 percent of total enterprises globally…reports Asian Lite News   Humaid Mohammed bin Salem, Secretary-General of the Federation of UAE Chambers of Commerce and Industry

UAE unveils Green IP roadmap to boost innovation 

This three-month initiative seeks to enhance the country’s IP competitiveness while supporting its transition to a circular economy. ..reports Asian Lite News The UAE Ministry of Economy has introduced a new “Green Intellectual
Go toTop

Don't Miss

Abdullah bin Zayed receives Adaljiza Magno at Expo 2020

H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign

Etihad launches ‘Airbus A380’ to New York

The addition of the A380 significantly boosts Etihad’s capacity in