ABU DHABI -- As per the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council of Abu Dhabi, a new batch of housing loans for 1,250 beneficiaries from Abu Dhabi, with the value of AED2.4 billion have been ordered for issuance.

The new batch of loans will cover the needs and demands of citizens to build their homes or to re-build in different areas of Abu Dhabi. The confirmed batch will include 600 loans in new areas, with 400 loans for completing buildings in existing areas, 150 for the purpose of tearing down and rebuilding, 80 for maintenance and expansion, and 20 for maintenance only.

These directives are the result of the desire of the wise leadership of His Highness the President, and His Highness the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council of Abu Dhabi, to place citizens at the forefront of the priorities of government plans while providing all the necessities of a dignified living and appropriate housing for the beneficiaries and their families, positively reflecting on their social and economic stability and strengthening their contribution to building and development.

Source: Emirates News Agency