Sheikh Hamdan approves Dh600 million housing loans

  DUBAI – Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved 600 housing loans worth Dh600 million. The housing loans will be provided by the Mohammed bin Rashid Housing Establishment as part of housing projects announced last year. Sheikh Hamdan said the decision reflects the vision of Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, to provide the best living conditions for Emirati families as part of the Dubai 2040 Urban Master Plan. The Crown Prince added that Dubai is one of the world’s leading cities that places people’s happiness and quality of life at the centre of its development model, which enables it to provide an exceptional environment for individuals and families. The Mohammed bin Rashid Housing Establishment recently raised the value of the housing loan provided to Emirati citizens to Dh1 million. It also accelerated processing of loans and extended the loan repayment period to 25 years. In addition, the establishment announced various benefit schemes as part of its housing strategy that aims to design residential neighbourhoods to provide citizens the world’s best lifestyle and living environment for families. ICA/WAM/Expat Media
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