The Sheikh Zayed Housing Program of the Ministry of Energy and Infrastructure approved the first batch of loan beneficiaries within the housing policy for the year 2023, which includes 550 housing decisions that vary between government housing and housing financing from national banks at a value of 435 million and 750 thousand dirhams, bringing the total announced Decisions Since the development of the new housing policy last May, to date, 4079 housing decisions have been issued.
The Director of the Sheikh Zayed Housing Program, Eng. Mohammed Al-Mansoori, confirmed that the announcement of the first installment comes within the framework of the Ministry of Energy and Infrastructure’s continuous endeavor to implement the directives of the wise leadership to enhance the elements of a decent life for citizens, through the new policy that requires financing the value of housing loans through cooperation between the program Sheikh Zayed Housing and between banks and national banks.
He explained that the program continues its unremitting efforts to anticipate the future of government housing in the country, and to search for solutions and future housing needs in cooperation with the concerned authorities in the government sector (federal and local) and the private sector, through initiatives, plans and facilities that achieve family stability, and ensure the provision of decent life for citizens.
Al-Mansoori said that the government housing sector is witnessing continuous momentum thanks to the directives of the wise leadership and its unlimited support for this vital file, which witnessed during the past months many initiatives, decisions, future plans and qualitative partnerships, including initiatives related to loans related to the citizens’ housing program, and other government directions that contributed In strengthening efforts to provide a decent life and adequate housing for citizens, and improving their quality of life.
He pointed out the importance of the citizens’ housing file, which comes at the forefront of the state’s priorities, and enjoys special follow-up from the wise leadership.
He added that the Sheikh Zayed Housing Program issued during the year 2022 six batches of housing assistance decisions, as the total of what was issued and announced since the adoption of the new housing policy last May until the end of last year reached 3529 decisions worth 2.819 billion dirhams, bringing the percentage of adherence to the plan. Advertised to more than 99%.
He explained that the new policy for government housing loans aims to provide financing for housing loans in partnership between the Sheikh Zayed Housing Program with the private sector and national banks and banks, and through a five-year plan 2022-2026 at a cost of 11.5 billion dirhams, to include 13 thousand housing decisions, in order to meet future needs. to the citizens of the state.
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