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.

Advertisement

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.

Advertisement

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Read More

Dubai security detains four people for assaulting and robbing man, penalty of DH 1.7

United Arab Emirates: Security authorities of Dubai apprehended at least four people on Monday and imposed a joint penalty of DH 1.7 million for assaulting as well as robbing a bitcoin trader of cash.

Dubai: School, law firm to accept cryptocurrency as mode of payment

A Dubai based law firm has revealed that they now accept payments in the form of cryptocurrency from its clients. Ashish Mehta and Associates, Solicitors and Legal Consultants, have initiated taking nascent steps in the digital asset universe from this month onwards.

Economic experts of UAE to visit PM of Pakistan to discuss economic cooperation

In an attempt to extend their support to the government for economic stability in Pakistan, a group of financial experts from the UAE is all set to visit the nation on Tuesday, 3 May, to discuss the execution of decisions made by the leaders of the UAE and Pakistan during PM Shehbaz Sharif's recent visit to the Middle East.

Recent

UAE reports new 338 COVID cases with 0 deaths

According to the data shared by the Ministry of Health and Protection of United Arab Emirates, a total of additional 338 COVID-19 cases have been reported today (Monday, March 21). 

UAE greets world with ‘namaste’ on occasion of 8th International Yoga Day

The Minister of Tolerance and Coexistence, Sheikh Nahyan bin Mubarak Al Nahyan, greeted the world with a sincere 'namaste', a traditional Indian way of greeting, as the UAE observed the eighth International Yoga Day.

Dubai Expo 2020: The Middle East launches first-ever Vegan Food Festival

The whole world is moving towards Vegan food. This January, the Middle East will host its first-ever Vegan Food Festival in the Expo 2020...
admin