Abu Dhabi, UAE— The emirate of Abu Dhabi has approved the disbursement of housing benefits worth US$844 million to citizens in order to lift up their standard of living.
In this connection, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the grant to 1,807 citizens in Abu Dhabi.
This package includes grants for ready-made housing for low-income individuals worth $272 million, and the disbursement of various housing loans to citizens worth $571 million.
The disbursement of the second housing package is set to take place during the approaching celebration of Eid Al Adha.
The grant is designed to enhance living standards and ensure a decent life for citizens, as well as strengthen social stability to continue the comprehensive development journey in Abu Dhabi.
The second housing package of 2023 brings the total value of housing benefits disbursed to citizens in Abu Dhabi during 2023 to more than $1.63 billion, benefiting 3,607 citizens in different regions of the emirate.
Mohamed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport and Chairman of the Board of Directors of Abu Dhabi Housing Authority, extended his utmost gratitude and appreciation to President Mohamed bin Zayed Al Nahyan for his continuous support to the housing sector and his unwavering commitment to meeting the needs of all citizens.
The efforts contribute to enhancing social welfare and improving living standards.
Hamad Hareb Al Muhairi, Director General of Abu Dhabi Housing Authority, said: “The directives of the leadership to disburse the second housing package during the year 2023 reflect their ongoing commitment to providing all means of decent living for citizens and enhancing the living standards and welfare of the entire community in the Emirate of Abu Dhabi. Recently, the Falah and Sweihan residential projects were inaugurated, which provide approximately 1,000 new high-quality residences for citizens.”