Abu Dhabi will grant Dh18.4 billion worth of new loans, homes and land in the emirate to thousands of its citizens, said Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.
More than 12,000 people are set to benefit from the move, which comes as the country celebrates National Day on Sunday.
The announcement was made on Saturday based on the directive of the President, Sheikh Khalifa.
The intiative will "bolster social stability and a good life for nationals", Sheikh Mohamed tweeted on Saturday.
بتوجيهات خليفة.. أمرنا اليوم بصرف دفعة جديدة من القروض والمساكن والأراضي السكنية في أبوظبي بقيمة 18.3 مليار درهم لتعزيز الاستقرار الاجتماعي والحياة الكريمة للمواطنين خلال أيام تعيش فيه دولتنا فرحة يومها الوطني ال 47 مؤكدين أن سعادة أبناء الوطن أولوية قصوى لقيادتنا الحكيمة.
— محمد بن زايد (@MohamedBinZayed) December 1, 2018
The Crown Prince approved 8,662 housing loans valued at Dh16.2bn, allocated 953 government houses valued at Dh79 million, and the provision of 2,213 residential plots valued at Dh1.41 billion.
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Following the announcement, the phrase 'from the leader in the Year of Zayed' was trending on Twitter in Arabic.
The Abu Dhabi Housing Authority tweeted on Saturday afternoon that "all beneficiaries of the final loan payments of 2018 were notified by text messages sent today".
تم اخطار جميع المستفيدين من دفعة القروض الاخيره 2018 عن طريق رسائل نصية تم إرسالها اليوم ##من_القائد_في_عام_زايد
— هيئة أبوظبي للإسكان (@ADHAmedia) December 1, 2018
Federal National Council member Saeed Al Romaithi tweeted that this move would demonstrate to those people not aware of the "amount of happiness we live and the dignity that we have and the leaders with who we are proud of" in the UAE.
"نعم" هذه #الإمارات لمن لايزال يجهل حجم السعادة التي نعيشها والكرامة التي نحظى بها والقادة الذين نرفع رأسنا بهم عالياً
— سعيد الرميثي (@AlRomaithi) December 1, 2018
#من_القائد_في_عام_زايد#اليوم_الوطني_الاماراتي_47
One beneficiary of the housing initiative, Mubarak Al Yafai tweeted his gratitude saying he was "praising and thanking God for the blessed UAE".
اللهم لك الحمد على نعمة دولة #الإمارات 🇦🇪#شكراً_خليفة_بن_زايد #شكراً_محمد_بن_زايد @MohamedBinZayed
— مبارك اليافعي Mubarak Alyafei (@m999ad) December 1, 2018
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.@ADHAmedia
#من_القائد_في_عام_زايد #اليوم_الوطني_الاماراتي_47 #محمد_بن_زايد. pic.twitter.com/N1pwunlBj0
In June, Abu Dhabi announced a Dh50bn stimulus package aimed at boosting economic growth, creating jobs and attracting investments over the next three years.
The drive to accelerate growth, called Ghadan 21, or Tomorrow 2021, includes launching new housing projects for Emiratis.