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Abu Dhabi Crown Prince approves issuance of $926m housing assets

Government homes, residential plots, and 2,000 housing loans will be distributed as part of the programme

Housing has been approved for UAE citizens.
CW Archives
Housing has been approved for UAE citizens.

Under the directives of President HH Sheikh Khalifa bin Zayed Al Nahyan, HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Executive Council of the emirate of Abu Dhabi, has ordered the distribution of 2019's first tranche of housing-related assets, worth $925.6m (AED3.4bn).

Under the directives of President HH Sheikh Khalifa bin Zayed Al Nahyan, housing assets, including government homes, residential plots, and 2,000 housing loans, will be distributed to Emirati citizens in Abu Dhabi.

The approval comes as part of the government’s commitment to ensure social stability for citizens and enhance their living standards.

According to state news agency, Wam, the installment is in line with directives issued by Sheikh Mohammed as part of the Abu Dhabi Government Accelerators Programme (Ghadan 21).

The report states that 12,100 residential loans were granted as part of the plan in 2018.

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Construction Week - Issue 754
Nov 23, 2019