Rulers exempt over 200 Emiratis from repaying house loans

Rulers, exempt, 200, Emiratis, from repaying, housing loans

Abu Dhabi - This is to achieve family stability and ensure the best standard of living for the people.



By Wam

Published: Sat 28 Sep 2019, 4:00 PM

Last updated: Sat 28 Sep 2019, 6:31 PM

Housing loans of 211 Emiratis have been waived off, it was announced on Saturday. Under the directives of the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, ordered the exemption of the repayment of loans worth Dh208 million "to achieve family stability and ensure the best standard of living for citizens".
Jaber Mohammed Ghanem Al Suwaidi, Director-General of the Crown Prince Court of Abu Dhabi and Chairman of the Abu Dhabi Housing Authority, said these exemptions reaffirm the leadership's efforts to "ensure family stability and alleviate the financial burdens of families of deceased citizens and retirees".
Al Suwaidi clarified that the first instalment of the exemptions includes retirees with low income. "Work is underway to issue the remaining payments due, which will be announced during the coming period."


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