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13,000 UAE citizens to benefit from Dh11.5 billion housing loan programme

 

DUBAI – A total of 13,000 UAE citizens will benefit from a newly approved housing loan programme worth Dh11.5 billion.

The housing loan programme was approved by the UAE Cabinet on Monday (May 9) and will provide housing for Emirati beneficiaries in the next five years.

“We approved a new housing policy within the Sheikh Zayed Housing Programme, and a housing loan financing programme worth Dh11.5 billion, benefiting 13,000 Emirati families,” said Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The new policy for federal government housing loans aims to provide financing for housing loans through partnerships with the private sector and national banks.

The Sheikh Zayed Housing Program will finance the profits of the loans on behalf of the Emiratis, according to the latest UAE Cabinet decision. ICA/Expat Media


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