Emiratis given two-year extension to activate housing loans in Abu Dhabi
Abu Dhabi Housing Authority has granted Emiratis another two years to activate their housing loans to reduce pressure on UAE citizens. Two years were added to the time in which Emiratis could activate loans for building, demolition, reconstruction and maintenance of homes, state news agency Wam reported on Friday. The move aligns with developments in the construction market and changes related to…
The Abu Dhabi Housing Authority has granted Emiratis an additional two years to activate their housing loans, reducing pressure on UAE citizens. This extension aligns with market developments and changes in construction costs, as reported by state news agency Wam on Friday. Previously, Emiratis had just three years to activate loans for home building, demolition, reconstruction, and maintenance.
The decision comes as the UAE marks 2026 as the Year of the Family. In March, Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed approved a housing assistance package worth Dh4.21 billion to benefit 2,652 citizens. Since the Abu Dhabi Housing Authority's establishment in 2012, over Dh181 billion in housing support has been distributed to more than 132,000 citizens.
In September, Abu Dhabi unveiled a Dh106 billion master plan to develop 13 residential communities with over 40,000 homes and land plots for Emiratis.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Emiratis given two-year extension to activate housing loans in Abu Dhabi thenationalnews.com
