2024-01-14 16:33:45
Abu Dhabi: Imad Al-Din Khalil
The Abu Dhabi Housing Authority answers this question, as the Abu Dhabi Housing Authority explains that the updated policy for housing benefits has made it possible to purchase housing that will be established in the future (on the plan), according to requirements including that the developer and the project be approved by the authority.
She adds that there is a specific loan value for purchasing housing from developers, amounting to 1,750,000 dirhams, to purchase a housing from strategic partners or developers approved by the Authority or the local market in the emirate, and the loan amount is paid in the form of monthly installments in accordance with the controls determined by the Authority.
The Authority indicates that if the government does not pay the cost of the infrastructure for the home being purchased, the beneficiary citizen will be granted, in addition to the home purchase loan, a financial grant worth (250,000) dirhams to be disbursed with the loan in accordance with the controls decided by the Authority.
The Abu Dhabi Housing Authority confirms that there is a time period to activate a home construction loan, which is within three years from the date of the loan approval decision, unless construction is not initiated for an emergency reason beyond the control of the beneficiary, or in accordance with the extension period specified by the Authority.
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