Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, has approved the third housing benefit package of the year, valued at more than Dh7.72 billion, to 5,374 Emiratis.
The package includes housing loans totalling more than Dh3.569 billion, helping 2,373 citizens. It also includes residential land and housing grants worth Dh3.67 billion, benefiting 2,540 citizens, Abu Dhabi Media Office reported.
Additionally, senior citizens, retirees with low incomes and the families of deceased citizens have been exempted from housing loan payments amounting to more than Dh486 million. This exemption has benefited 461 citizens.
The total value of housing benefits disbursed during 2024 has now reached Dh13.216 billion, benefiting 8,891 citizens, Abu Dhabi Media Office added.
“The distribution of this package highlights our leadership’s continued dedication to enhance the welfare of our citizens and their families, and nurture familial and social cohesion within the emirate, while advancing its comprehensive development,” said Mohamed Ali Al Shorafa, Chairman of Department of Municipalities and Transport, and Chairman of the Board of Directors of Abu Dhabi Housing Authority.
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Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
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