Mohammed bin Rashid approves 1.6 billion dirhams to house 2,000 citizens

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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved a new package of housing approvals for citizens of the country, with a financial value of 1.6 billion dirhams, including 2,000 citizens, within the Sheikh Zayed Housing Programme, as part of the continuation of support and empowerment policies. . The UAE seeks to provide a decent life and adequate housing for all citizens in a way that meets their needs, enhances their stability and prosperity, and contributes directly to improving their quality of life.

His Highness Sheikh Mohammed bin Rashid Al Maktoum affirmed that the United Arab Emirates, under the leadership and directives of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, is moving forward on its way to empower its citizens and provide the requirements of a decent life for all its children, and consolidate the stability of their families and their social and economic prosperity.

His Highness said yesterday: “Today we approved new housing loan approvals for 2,000 citizens, at a value of 1.6 billion dirhams, within the framework of the Zayed Housing Programme. Today, we remember what Zayed said, may God have mercy on him, that money perishes and life, but work for the sake of the country remains and is immortalized .. May God have mercy on Zayed and protect the Emirates and its people.

The adoption of the new package of approvals for housing loans for citizens comes to translate the vision and aspirations of the UAE leadership in securing all means of support for citizens and continuous work and the consolidation of integrated national efforts that would enhance stability in society, and provide a life suitable for the people of the United Arab Emirates, in line with the system of community stability and welfare.

Last March, the Sheikh Zayed Housing Program of the Ministry of Energy and Infrastructure approved the first batch of beneficiaries of loans within the housing policy for the current year, which included 550 housing decisions, varying between government housing financing and housing financing from national banks, at a value of 435 million and 750 thousand dirhams. .

In 2022, the Council of Ministers, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, approved the new policy for federal government housing loans, to provide financing for housing loans through partnership with the private sector and national banks, as part of a comprehensive plan. The plan aimed to reduce the waiting period for applications, as the Sheikh Zayed Housing Program was tasked with financing the value of profits from loans on behalf of citizens.

The housing financing program, in light of the policy adopted by the Council of Ministers in May 2022, aims to issue 13 thousand housing decisions for the next five years (2022-2026), at a cost of 11.5 billion dirhams, to meet future needs. of the people of the homeland, and to achieve prosperity and a decent and secure life for them.

For his part, the Minister of Energy and Infrastructure, Suhail bin Muhammad Faraj Faris Al Mazrouei, said that the approval of the new approvals reflects the leadership’s interest in the housing file, as it is a top priority that enhances the stability of citizens’ families, and establishes concepts of decent living and prosperity in Emirati society.

It is noteworthy that since His Highness Sheikh Mohammed bin Rashid Al Maktoum assumed the presidency of the Council of Ministers in 2006 until the first quarter of this year, the total value of government housing facilities and aid that was provided amounted to approximately 39 billion dirhams. With more than 63,000 support decisions, this reflects the unremitting efforts made by the UAE government to make its citizens happy and achieve housing stability, in addition to supporting the goals of the UAE Centennial 2071 and its aspirations towards greater leadership and prosperity.

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