x Abu Dhabi, UAEWednesday 26 July 2017

226 Emiratis to benefit from housing grants and loans

A total of 226 Emiratis are to benefit from housing grants and loans from the Sheikh Zayed Housing Programme.

A total of 226 Emiratis are to benefit from housing grants and loans from the Sheikh Zayed Housing Programme.

Grants and loans have been approved for the 226 local applicants, according to The National's Arabic language sister paper Al Ittihad.

Applicants with a monthly income below Dh10,000 are eligible for grants, while those who earn more than that sum and have a proven ability to repay their debt receive a home loan.

The beneficiaries, whose names were published in Al Ittihad on Wednesday, will also be notified by SMS.

The next step for them is to report to the local municipal authority or land department and reserve a plot of land. Then, they should sign an agreement with a consultant and a contractor registered with the housing programme.

Loan beneficiaries will, additionally, have to sign a mortgage contract with the programme before finalising procedures with the bank.

All have the option of choosing from 24 standard house plans.

Until December, the programme has offered UAE nationals from all emirates 27,580 housing aid packages, totalling Dh12.8 billion.

newsdesk@thenational.ae