Recently, significant good news regarding people's livelihood has emerged in the Emirate of Abu Dhabi, the United Arab Emirates. Sheikh Khaled bin Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Executive Council, has officially approved a large-scale social housing construction plan, aiming to comprehensively improve the living conditions of the country's citizens and enhance social cohesion.

The planning period of this plan is the next five years, and the capital investment is substantial. The Abu Dhabi government will invest over $22.5 billion (approximately 82.7 billion dirhams) to fully promote 14 housing construction projects. Upon completion, 35,000 social security welfare housing units will be built and all will be delivered to the citizens of the emirate. The project covers the physical construction of 26,000 housing units and the development of 9,000 residential land plots, establishing a complete housing security system from housing supply to land resource reserve.

To further relieve the economic pressure of citizens on housing, Sheikh Khaled has simultaneously approved a series of highly attractive housing loan welfare policies. In terms of loan reduction and exemption, according to the 2023 housing welfare policy, all housing loans with a total amount of 1.75 million dirhams can automatically obtain a community support subsidy deduction of 250,000 dirhams, and this measure is retroactive, truly reducing the burden on past borrowers. Regarding the loan term, the relevant loans can be extended for up to 30 years, significantly reducing the monthly repayment amount on the basis of low interest rates, alleviating the long-term economic pressure on citizens. The repayment mechanism is more humanized, adopting a flexible repayment method, and the monthly repayment amount will be flexibly adjusted according to the borrower's monthly income, fully considering the changes in the financial situation after the loan is issued. For specific groups, deferred payment housing purchase loans have been introduced for low-income citizens aged between 25 and 45, expanding their housing selection space. Citizens over 45 years old can directly apply for existing housing grants. During the process of voluntary land exchange between citizens, relevant fees will be waived, promoting the optimal allocation of land resources between families and communities and strengthening the ties between neighbors and families.

The senior management of the Abu Dhabi Housing Authority has expressed deep gratitude for this policy plan. Mohammed Ali Al Shurafa, Chairman of the Board of Directors, said that he sincerely thanks His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, and the Crown Prince of Abu Dhabi for their care. These measures will stabilize the foundation of families and enhance social cohesion by providing high-quality housing. Hamad Hareb Al Muhairi, Director General, also emphasized that the new policy will have a profound impact on the lives of UAE families and is in line with the objectives of the "Year of the Community" initiative. He also added that the community support deduction of 250,000 dirhams will automatically benefit all eligible borrowers, and the new monthly deduction policy will be officially implemented in September 2025, applicable to housing loans issued after 2015. The deduction limit is 10% of the total income, with a maximum monthly payment of 10,000 dirhams, effectively reducing the economic burden of citizens on housing. The introduction of this housing plan and supporting policies demonstrates the determination and implementation ability of the Abu Dhabi government to improve people's livelihood and promote harmonious social development. (This article is from the official website of Seetao.com, www.seetao.com. No reprinting is allowed without permission. Otherwise, legal liability will be pursued. If reprinting, please indicate Seetao.com + the original text link.) Editor of the Strategic Column of Seetao.com / Yin Shiqian