Abu Dhabi announces $1.49bn residential packages for citizens
ABU DHABI, May 20, 2020
Abu Dhabi Executive Council has approved the order to disburse housing loans, houses and residential plots worth a total of Dh5.5 billion ($1.49 billion), granted to more than 5,500 Emirati nationals within the UAE capital.
This comes following the directives from President HH Sheikh Khalifa bin Zayed Al Nahyan, 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 coincides with Eid Al Fitr, and is part of the wise leadership’s commitment to ensure social stability, enhance living standards of UAE nationals and strengthen their role in contributing to the development in society, said a statement from 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.-TradeArabia News Service
