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$8.1bn housing loans distributed under Zayed Programme

ABU DHABI, October 4, 2017

The UAE government has disbursed housing assistance and loans worth Dh30 billion ($8.16 billion) under the Sheikh Zayed Housing Programme since its establishment in 1999, said a report.

So far, 30,000 homes have been built under this programme, while 27 others are under construction, reported state news agency Wam, citing Dr Abdullah bin Mohammed Belhaif Al Nuaimi, the Minister of Infrastructure Development and Chairman of the Programme.

The housing sector is one of the government’s priorities, as the wise leadership remains concerned about providing a dignified living to citizens, Dr Al Nuaimi in a statement to mark World Habitat Day 2017.

The United Nations has designated the first Monday of October of every year as World Habitat Day to reflect on the state of our towns and cities, and on the basic right of all to adequate shelter. It is also intended to remind the world that we all have the power and the responsibility to shape the future of our cities and towns.

The theme this year is ‘Housing Policies: Affordable Homes.’

The aim is to realise the goals of the UAE Centennial 2071, while considering housing a government priority to achieve happiness for the citizens, as the foundation of the UAE’s overall development process, he noted.

Dr Al Nuaimi pointed out that housing was one of the basic factors in achieving security and stability for individuals, which is why it is a major part of the country’s policies.

"Realising the goals of these policies demands considerable efforts, including launching integrated housing programmes and transforming outdated houses to modern residences, such as integrated housing complexes. The ministry and the programme are working according to this process," he added.

Tags: UAE | Loans | Sheikh Zayed Housing Programme |

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