H.H. Sheikh Mohammed approves housing loans for 2,000 citizens

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and the Ruler of Dubai, has approved a package of housing loan for 2,000 UAE citizens.

The package, valued at AED 1.6 billion, comes under the framework of the Sheikh Zayed Housing Programme.

In 2022, the Council of Ministers, headed by His Highness, approved the new policy for federal government housing loans to provide financing through a partnership with the private sector and national banks, as part of a comprehensive plan aimed at reducing the waiting period for applications.

The programme aims to issue 13,000 housing decisions over five years from 2022 to 2026 at a cost of AED 11.5 billion dirhams, to meet the future needs of the country’s citizens, and achieve prosperity and a decent and secure life for the population. 

اعتمدنا اليوم موافقات ل2000 مواطن لقروض سكنية جديدة ضمن برنامج الشيخ زايد للإسكان بقيمة إجمالية 1.6 مليار درهم .. البرنامج الذي يحمل إسم المؤسس طيب الله ثراه مستمر في تحقيق الغاية التي أنشأه من أجلها … ونستذكر مقولته رحمه الله بأن المال يفنى والعمر يفني ولكن العمل من أجل الوطن…

— HH Sheikh Mohammed (@HHShkMohd) May 28, 2023

.@HHShkMohd approves AED 1.6 billion in housing loans for 2,000 Emiratis as part of Sheikh Zayed Housing Programme.
(Archive Photo) pic.twitter.com/1vRgGGCu14

— Dubai Media Office (@DXBMediaOffice) May 28, 2023