Abu Dhabi releases housing benefits worth US $746mn ...United Arab Emirates

The Abu Dhabi Executive Council has approved the disbursement of housing benefits worth a total of US $746mn to 1,800 Emirati citizens in the UAE capital. The move follows the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and was approved by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council. The housing benefits include the exemption of low-income retirees and families of deceased mortgagors from loan repayments; the benefits will apply across a number of regions, including Abu Dhabi, Al Ain and Al Dhafra. In late November 2022, Saudi-based Roshn began the handover of villas and townhouses ahead

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