Sheikh Khalid, the Crown Prince of Abu Dhabi, recently approved the largest social housing plan in the history of the emirate. According to the plan, a total of 22.5 billion US dollars (82.7 billion dirhams) will be invested in the next five years to construct 35000 social security housing units, including 26000 new residential units and 9000 residential land developments.

The plan is accompanied by six major policies that benefit the people:

1. Each household can enjoy a maximum reduction of 250000 dirhams in housing loans

2. Loan term extended to 30 years

3. Monthly payment not exceeding 10% of household income

Low income groups aged 25-45 can enjoy deferred payments

Citizens over 5 years old can directly receive housing grants

6. Exemption of relevant fees for land exchange

The Abu Dhabi Housing Authority stated that the new policy will be fully implemented in September 2025 and is expected to benefit tens of thousands of households. This plan will not only significantly improve the quality of life of local residents, but also provide a historic opportunity for international construction companies to participate in the construction of the largest affordable housing in the Middle East. (This article is from the official website of Jian Dao www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website strategy column editor/Wu Juan