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Abu Dhabi approves Dh82.7 billion housing plan to deliver 35,000 new homes
Additionally, a deferred-payment home purchase loan will be introduced for low-income citizens aged 25 to 45
- PUBLISHED: Fri 9 May 2025, 4:12 PM
Abu Dhabi has announced 14 new integrated housing projects and additional housing loans facilities for citizens in the UAE capital.
In his capacity as Ruler of Abu Dhabi, President Sheikh Mohamed, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, approved the projects.
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The projects will deliver 35,000 new housing benefits over the next five years, including 26,000 residential units for Abu Dhabi citizens, with a total budget of Dh82.7 billion, in addition to the development of approximately 9,000 residential land plots.
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Sheikh Khaled bin Mohamed bin Zayed Al Nahyan has approved a series of additional benefits to the housing loans ecosystem. These include a community support subsidy of Dh250,000 to be automatically and retroactively deducted from the total loan amount for all housing loans totalling Dh1.75 million, as per the 2023 housing benefits policy.
Sheikh Khaled also approved the extension of loan repayment periods to up to 30 years, helping to reduce monthly installment amounts.
Further flexibility will be introduced in determining monthly repayment values, which will now be adjusted based on the beneficiary’s monthly income, taking into consideration any changes in financial circumstances after the loan is issued.
Deferred-payment home purchase loan
Additionally, a deferred-payment home purchase loan will be introduced for low-income citizens aged 25 to 45, enabling them to choose from a wider range of available housing options. Citizens above the age of 45 will be eligible for ready-built home grants from the capital projects.
Citizens will also be exempt from fees related to mutually agreed land plot swaps, to facilitate the exchange process and support stronger community and family bonds.
“The Dh250,000 community support deduction will be applied automatically to all eligible housing loan beneficiaries. In addition, the new monthly deduction policy will be implemented on all housing loans issued after 2015, with a cap of 10 per cent of total income and a maximum monthly payment of Dh10,000. This new policy, designed in line with the leadership’s direction to ease financial burdens on citizens, will come into effect in September 2025,” Hamad Hareb Al Muhairi, Director General of Abu Dhabi Housing Authority, said.