Dubai: Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has announced a major relief for more than 300 citizens by exempting them from housing loans totaling over Dh101 million. This generous move aims to support Emirati families and ease their financial burdens amid rising living costs.
The exemption initiative highlights the leadership’s commitment to improving the quality of life for Dubai’s citizens and accelerating social welfare programs. The housing loan exemption is expected to positively impact recipients’ financial stability and help them focus on their future growth and prosperity.
This development comes as part of several recent efforts by UAE leaders to provide financial assistance to citizens. Key points include:
- Sheikh Hamdan’s initiative exempting over 300 citizens from housing loans worth over Dh101 million.
- The UAE President has also exempted 222 citizens from paying debts amounting to over Dh139 million.
These exemptions demonstrate a notable commitment to helping individuals facing economic challenges and underscore Dubai’s ongoing dedication to social welfare and the well-being of its people.
Citizens benefitting from the loan exemption have expressed gratitude for this significant support from the government.
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