July 12, 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

Gujarat, MP faces flood-like situation

Next Story

World Music Conference : Can music manage obesity?

Latest from -Top News

India, Australia Begin AUSTRAHIND

The AUSTRAHIND exercise, which followed Defence Minister Rajnath Singh’s recent visit to Australia, reaffirmed the deepening defence cooperation between the two nations…reports Asian Lite News Strengthening the expanding defence partnership between India

Violence Mars TLP Rally in Pakistan

The Pakistani police and rangers launched an operation to disperse TLP supporters after violence broke out during the march….reports Asian Lite News At least four people, including both police officers and civilians,

‘Modi’s a Very Good Friend’: Trump

Trump’s remarks come days after Modi called him to congratulate on the “success” of the Gaza peace plan….reports Asian Lite News US President Donald Trump on Monday lauded India and described Prime

Delhi, Ottawa Hit Reset

The Canadian Foreign Minister met Prime Minister Narendra Modi and External Affairs Minister S Jaishankar on Monday in New Delhi, vowing to strengthen the ties…reports Asian Lite News As India and Canada

Gaza Truce Signed, Key Players Missing

Sisi reiterated support for the implementation of the Gaza ceasefire plan, stressing that the agreement must be “solidified and all its phases implemented…reports Asian Lite News A document formalising the recently brokered
Go toTop

Don't Miss

MBZ, Sisi vow to boost Arab unity

Presidents of UAE and Egypt met at El Alamein, a

OPEC hails UAE’s thriving non-oil sector

UAE is also enhancing its attractiveness to foreign investors and