Dh1 billion housing loans handed out to Emiratis in Abu Dhabi

Dh1 billion has been handed out to Emiratis in Abu Dhabi to build or improve their homes across the emirate.

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ABU DHABI // Housing loans worth Dh1 billion have been handed out to 1,000 Emiratis across the emirate of Abu Dhabi.

The money, supplied by the Government and distributed via local banks, is designed to ensure that Emiratis have the funds to build a private home or repair, improve or complete an existing residence.

The loans were given to 553 beneficiaries in Abu Dhabi, 404 in Al Ain and 43 in the Western Region.

To be eligible for the funding recipients must be Emirati nationals, own a plot of registered residential land in Abu Dhabi, be free of any legal constraints and be able to repay the money in a timely manner.

Applicants must submit their applications to the Abu Dhabi Housing Authority in person.