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Sheikh Zayed Housing Programme, an initiative below the Ministry of Vitality and Infrastructure (MoEI), right this moment introduced the primary batch of beneficiaries of housing loans and grants for 2023.
As a part of the brand new coverage introduced in Might 2022, the Programme has issued 550 selections price AED435.750 million in loans and grants. This brings the variety of selections introduced for the reason that coverage got here into impact thus far to 4,079.
Mohammed Al Mansoori, Director of the Sheikh Zayed Housing Programme, mentioned, “Owing to the directives and limitless help of our clever management, the federal government housing sector is evolving quickly. The announcement is according to the brand new coverage that facilitates offering housing loans to eligible candidates via a collaboration between the programme and native banks.
“Collectively with our companions from the federal and native authorities and the personal sector, we proceed to form the way forward for authorities housing within the UAE via initiatives that goal to help Emiratis, enhance household stability, and guarantee an honest life for them.”
Al Mansoori famous that between Might and December 2022, the programme issued 3,529 housing selections in six batches with a complete price of AED2.819 billion. This represents 99 p.c compliance with the coverage’s five-year plan (2022 to 2026) that entails the problem of 13,000 selections at a price of AED11.5 billion to satisfy the long run housing necessities of UAE residents.
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