“Abu Dhabi Housing” expands its partnerships with 3 national banks to provide additional housing financing to citizens

The Abu Dhabi Housing Authority has signed cooperation agreements with three national banks, which are Abu Dhabi First Bank, Abu Dhabi Islamic Bank and Local Bank of Al -Mariji, to provide additional real estate funds, with benefits and murabaits supported by the Abu Dhabi government to the beneficiaries of the housing loans program provided by the authority.
These agreements fall within the framework of the Abu Dhabi Community Authority’s pursuit of continuous housing to increase the percentage of citizens’ ownership of appropriate housing and provide facilitated financing solutions, within the authority’s vision to provide a sustainable housing system that achieves social welfare and family stability for citizens in Abu Dhabi, through effective partnerships with the banking sector.
According to these agreements, citizens with a purchase or construction of a residence from the Abu Dhabi Housing Authority, whose monthly income exceeds 30,000 dirhams, can obtain additional financing of up to 500,000 dirhams from the approved partner banks, and for a period of payment of up to 25 years, according to the controls of the United Arab Emirates Central Bank, and in accordance with the provisions of Islamic Sharia, with the Abu Dhabi government bearing 50% One of the benefits and mupposy of this financing.
This initiative includes citizens who obtained a loan of 1.75 million dirhams from the commission, and this includes those who act their loans and have not yet started paying batches to developers and contractors, which gives them greater flexibility in planning to build their homes.
His Excellency Hamad Haret Al -Muhairi, Director General of the Abu Dhabi Housing Authority said: “We are keen at the Abu Dhabi Housing Authority to enhance our strategic partnerships with the national banking sector, with the aim of providing flexible and facilitated financing solutions that meet the needs of citizens and keep pace with their aspirations. These agreements are an extension of our efforts to enable citizens to own suitable housing, within a sustainable housing system that supports family stability and social welfare.
His Excellency added: “We are committed to expanding the scope of our services and providing additional financing options that contribute to improving the quality of the lives of citizens, and facilitating a building journey or buying the appropriate housing with ease and ease.”
Those eligible citizens can take advantage of these facilities and apply for an additional funding request from any of the three banks through the “Abu Dhabi Housing” application.
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