Home Industry Real Estate Sheikh Mohammed approves Dhs1.6bn in housing loans Housing loans for 2,000 Emiratis were approved under the Sheikh Zayed Housing Programme by Gulf Business May 28, 2023 Image: Dubai Media Office Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved housing loans for 2,000 Emiratis under the Sheikh Zayed Housing Programme. The total value of the loans approved was Dhs1.6bn. The programme, named after its esteemed founder, continues to achieve the goal for which it was established, Sheikh Mohammed said in a tweet. “We recall his quote that wealth and life fade away, but working for the nation endures and is immortal.” 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 The Sheikh Zayed Housing Programme The programme was established in 1999 and provides interest-free loans repayable over a 25-year period to low-income citizens. The programme prioritises orphans, widows, seniors and people of determination. In March, the programme, the initiative under the Ministry of Energy and Infrastructure (MoEI), approved Dhs298.7m in housing aid. The aid was issued via 432 decisions on applications for house construction, completion, purchase, maintenance and upgrades, the state news agency WAM reported. Tags Emiratis Housing aid Sheikh Zayed Housing Programme UAE 0 Comments You might also like Flying Taxis: How Archer aims to revolutionise travel in the UAE UAE to announce petrol, diesel prices for January; will rates drop in 2024? How REITs are unlocking the potential of UAE real estate GCC region M&A blazes trail as global deals decline