Zayed Housing scheme helps 476 Emiratis

ABU DHABI // Housing assistance worth Dh283 million has been handed out to Emiratis through the Sheikh Zayed Housing Programme.

Following a meeting of the SZHP board of directors this week, 476 UAE nationals will receive financial aid towards high-quality housing.

Of the recipients, 310 will be offered grants and loans worth Dh200m and 166 will receive assistance to complete the construction of their homes, worth Dh83m.

The scheme has developed a package of “smart services” to make the process of applying for funding easier for applicants.

The beneficiaries will be notified through a text message and get a copy of the approval on the SZHP website.

Dr Abdullah bin Mohammed Belhaif Al Nuaimi, chairman of the SZHP, said that new mechanisms had been adopted to set the amount of assistance based on the number family members, the median income per member of household, the total income, and the kind of requested assistance.

The meeting also reviewed the progress of the SZHP’s projects under construction in Al Ittihad Residential Complex and Khalifa Residential Complex Project in Dibba, Fujairah.

Last month 420 people were approved for aid totalling Dh207m  as part of the scheme.

The SZHP previously launched several initiatives to reduce the cost of building a house, including signing partnership agreements with building-materials companies to offer discounted rates to beneficiaries.