Photo Taken In United Arab Emirates, Dubai
More than 860 Emirati couples shared a marriage grant of more than Dh60 million to help fund their futures together. Getty Images.

Hundreds of Emirati couples share marriage grants worth more than Dh60 million



Nearly 900 Emirati couples received marriage grants worth more than Dh60 million in the first half of the year.

The Ministry of Community Development bestowed the cash windfall of Dh70,000 on 865 Emirati couples who met a range of criteria.

More than 65,000 couples have benefited from the fund, which aims to encourage Emirati marriages and help newlyweds invest in their future and pay for their nuptials, since  Federal Law No. 47 of 1992 was enacted.

Couples must meet a range of criteria in order to qualify for the Dh70,000 grant. Both spouses must be UAE citizens, with the husband no younger than 21, and the wife no younger than 18 years. The basic monthly salary of each of the spouses must not exceed Dh25,000.

In addition, they must submit an application within six months from the date of the marriage and attend awareness courses and lectures organised by The Ministry of Community Development within one year from the date of the application.

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The Ministry’s Eadad (Preparation) programme, which is held across the UAE, covers numerous topics: family building; marriage and its requirements; family relations; coping with family problems; financial and family planning; partnership between spouses in raising children; and the role of the family unit in society.

The Ministry organised 31 training courses for 4,696 attendees in 2017. Around 1,280 citizens attended 10 training courses in the first half of this year.

The ministry also launched several new initiatives, including relationship workshops for newlyweds in the first five years of marriage and a confidential telephone counselling service to help resolve family issues.

The Federal National Council is currently drafting a proposal to extend housing grants and loans to men who marry Emirati women for second wives as the high cost of weddings and dowries means that men often marry foreign women instead.

A 2017 documentary by Zayed University researchers estimated that on average an Emirati wedding costs at least Dh683,000.

Company profile

Company: Zywa
Started: 2021
Founders: Nuha Hashem and Alok Kumar
Based: UAE
Industry: FinTech
Funding size: $3m
Company valuation: $30m

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

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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