Sheikh Dr Sultan authorises housing loans and grants worth Dh370m

Housing loans and grants worth over Dh370.5 million have been authorised for several Emiratis residing in Sharjah, following orders from the Ruler of Sharjah, Sheikh Dr Sultan bin Muhammad Al Qasimi.

Housing loans and grants worth over Dh370.5 million have been authorised for several Emiratis residing in Sharjah, following orders from the Ruler of Sharjah, Sheikh Dr Sultan bin Muhammad Al Qasimi.

Sharjah Executive Council approved the loans for another group of 519 eligible UAE citizens, out of which 330 live in Sharjah, 121 in the Eastern Region, and rest 68 reside in the central region of the emirate.

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The head of Sharjah Housing Programme, Khalifa Musabah Al Tunaiji, stated in a statement on Tuesday, July 5, that the second group also includes divorced women, widows and orphans.

The first group of housing grants valued at Dh357m, authorised by the council in March, was given to 528 Emirates.

During the last six months, only Sharjah Executive Council authorised 1,047 applications, with a total value of Dh727m, stated Dr Al Tunaiji.

He stated that a third group would also be announced soon that will take the amount dedicated to housing support in Sharjah up to Dh1 billion.

Dr Al Tunaiji stated that the programme, which started in 2012, has processed over 10,000 housing applications valued at Dh7.8bn.

He further said that Sheikh Dr Sultan has a system that provides precise statistics about the UAE in Sharjah. For example, it also includes details of 1400 new marriage contracts in the country, which means that new families are being formed.

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He added that Dh160 million in provisional housing had been allocated for Emiratis in the last ten years.

After the growth of the Sheikh Zayed Housing Programme was declared last May, the Ruler of Sharjah gave the Emirati’s a share of federal housing loans to the Northern Emiratis to assure Emirati families were well taken care of.

Sheikh Dr Sultan also said in a statement, “We have the Sharjah Housing Programme, which started in 2012, and it is enough.”

Tariq Saeed

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