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ABU DHABI / WAM
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, ordered AED6.6 billion in housing packages – including loans, houses and land – to be granted to over 5,000 Emiratis within Abu Dhabi.
In implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the disbursement stems from the leadership’s keen interest in ensuring social stability, and in enhancing the well-being of UAE nationals so that they can contribute to the ongoing process of social development.
The directive from His Highness Sheikh Mohamed bin Zayed Al Nahyan to double the number of housing loans to UAE citizens falls within Abu Dhabi’s Development Accelerator Programme, ‘Ghadan 21’, and coincides with the 48th UAE National Day.
More than 6,000 housing loans, 250 houses and 1,800 plots of land were distributed to UAE nationals in 2019, with a total value of AED11.6 billion.
On October 19, HH Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of Abu Dhabi Executive Council, inaugurated the AED 687 million Emirati housing project in Al Ain city. The Al Hayer residential project includes 300 residential villas were built with typologies of Emirati housing in mind and designed around an ‘Emirati neighbourhood’ concept.