May 29, 2023
1 min read

Sheikh Mohammed approves Dh1.6b housing loans for Emiratis

The Sheikh Zayed Housing Programme was established in 1999 to provide interest-free loans repayable over a 25-year period to citizens with low incomes….reports Asian Lite News

Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai has approved AED 1.6 billion in housing loans for 2,000 Emiratis as part of Sheikh Zayed Housing Programme (SZHP).

Taking to Twitter, Sheikh Mohammed said: “Today, we approved housing loans worth Dh1.6 billion for 2,000 Emiratis under the Sheikh Zayed Housing Programme.”

The Vice President said: “This programme, named after our founding father, continues to fulfil his vision. Remembering his words, ‘money and age may fade, but service to our homeland endures and is eternal.’ May Zayed’s legacy continue to guide us. Blessings to the UAE and its people.”

The Sheikh Zayed Housing Programme was established in 1999 to provide interest-free loans repayable over a 25-year period to citizens with low incomes.

The housing programme, under the Ministry of Energy and Infrastructure (MoEI), has issued 945 decisions for housing aid valued at AED 749 million so far in 2023. This includes decisions to provide either government houses or home finance jointly with banks and represents 32 percent of the total 3,000 decisions that the Programme aims to issue in 2023.

Eng Mohamed Al Mansouri, Director of SZHP, said: “We continue to work relentlessly and join forces with our stakeholders to bring government housing plans and strategies into fruition, to improve the social wellbeing and living conditions of UAE people.

“Providing decent residences for Emiratis is at the top of our leadership’s priorities, as the prosperity of the people is a pillar of the country’s sustainable development, in line with the government objectives for the next 50 years. To contribute to the happiness of UAE citizens, SZHP has devised plans and launched qualitive initiatives and projects to step up residential stability and meet the needs of Emiratis who applied for housing aid. For the next phase, we seek to align efforts among the government, the private sector, and the local community to better serve the Programme beneficiaries.”

ALSO READ: Emirati Engineer named UAE Liaison for COP28  

Previous Story

Challenge from China is complicated, says Jaishankar

Next Story

Rahul granted 3-year passport before US trip

Latest from -Top News

Pakistan Razes 1,000 Afghan Homes in Karachi

On October 16, the Pakistani authorities ordered Afghan migrants to leave their homes and shops in Quetta within a week…reports Asian Lite News Pakistani authorities, along with Karachi police, demolished more than

Bangladesh dengue death toll hits 245 in 2025

Presently, 977 patients are undergoing treatment in Dhaka, while 2,793 are undergoing treatment at various hospitals in Bangladesh…reports Asian Lite News One person died due to dengue in Bangladesh in the 24
Go toTop

Don't Miss

‘UAE’s role in promoting tolerance part of its soft power’

Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and

Modi departs for France, UAE

Modi said that he looked forward to meeting President Macron