UAE President with Eid gift; 3247 crore housing in Abu Dhabi

UAE President with Eid gift; 3247 crore housing in Abu Dhabi
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Abu Dhabi: UAE President Sheikh Mohammed bin Zayed Al Nahyan announced that 1.5 billion dirhams worth of housing benefits (about Rs 3 247 crore) will be distributed in capital emirate as Eid gifts. Officials stated that this will benefit more than 1100 native beneficiaries.

The UAE President, as the ruler of Abu Dhabi ordered delivery of the housing package in order to ensure social stability and support citizens building strong and stable families. This will be a benefit for the UAE’s future. The second package this year includes loans repayment waivers, grants for homes, and home loans. Officials clarified that the grants would be available to retired borrowers and their families. https://twitter.com/newsgulf

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