Dubai Eye 103.8

On Air Now
The Music Mix
11:00pm - 10:00am

Listen To Dubai Eye

Abu Dhabi grants housing loans, waivers worth AED 2.21 billion

Sunday, 9 May 2021 21:58

By ARN News Staff

WAM (File photo)

Housing loans and repayment waivers worth AED 2.21 billion have been announced for more than 1,600 Emiratis in Abu Dhabi.

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces issued the order, following the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan.

It is the first round of housing loan disbursements in 2021, and coincides with Eid Al Fitr.

Retirees and families of deceased mortgagors have been exempted from loan repayments.

As many as 1,656 UAE citizens are set to benefit from the initiative.

Coinciding with Eid Al Fitr, the total value of the loans and exemptions is AED2.21bn, with 1,656 citizens to benefit.

Read more: https://t.co/3147qvZqDU
— مكتب أبوظبي الإعلامي (@ADMediaOffice) May 9, 2021

More from Local

UAE court hands life sentences, hefty fines to 'Bahloul Gang' members

The Abu Dhabi Federal Court of Appeals – State Security Chamber - has convicted members of the organised crime group known as the 'Bahloul Gang' and sentenced them to various prison terms.
Dubai enhances child protection, wellbeing with new policy

Dubai has taken a significant step in strengthening child welfare and family wellbeing with the launch of the Dubai Child Protection Framework.
UAE welcomes conclusion of Armenia, Azerbaijan peace talks

The UAE has welcomed the announcement of the successful conclusion of peace negotiations between Armenia and Azerbaijan.
UAE's Etihad-SAT set to launch on March 15

The UAE's Etihad-SAT is set to launch aboard SpaceX's Falcon 9 rocket on March 15, Saturday, at 10:39 a.m. (UAE time) from the Vandenberg Space Force base in California.
UAE urges UN to factor escalating sexual violence in Sudan sanctions

The UAE has urged the UN Security Council to include conflict-related sexual violence as a factor in sanctions against Sudan.

Coming Up on Dubai Eye

Motor Mania
10:00am - Noon
The Best of Dubai Eye 103.8
Noon - 4:00pm

Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!