Making the dream home easier to own — and way easier to pay for
Abu Dhabi news just in: owning a home in the capital might be about to get a whole lot easier. The Abu Dhabi Housing Authority has teamed up with banking giants — First Abu Dhabi Bank, Abu Dhabi Islamic Bank, and Al Maryah Community Bank — to launch an expanded mortgage financing program that’s already turning heads in the UAE property scene.
The best part? The interest rates and profit margins are partially subsidised by the Abu Dhabi Government — meaning they’ll cover 50% of your interest. Yes, you read that right. This is the kind of Abu Dhabi housing news that makes wallets breathe a sigh of relief.
💰 What this Abu Dhabi housing deal means for you
If you’re an Emirati citizen with:
- An existing loan from the Abu Dhabi Housing Authority to buy or build your home,
- A monthly income over Dh30,000,
…you could get up to Dh500,000 in additional financing from these partner banks. Repayments can stretch up to 25 years under UAE Central Bank regulations and Islamic Sharia principles — perfect for turning your dream villa into reality without crushing your budget.
Flexible options for future homeowners
Even if you’ve already secured the standard Dh1.75 million loan but haven’t started paying developers or contractors yet, you can still apply for the extra funds. This opens the door for better planning, bigger renovations, or even that backyard majlis you’ve been secretly sketching.
🌟 Why this is big Abu Dhabi news
This initiative isn’t just about bigger loans — it’s about:
- Strengthening homeownership rates in Abu Dhabi
- Offering cost-effective housing solutions for Emiratis
- Supporting long-term family stability
- Building a sustainable housing system
As Hamad Hareb Al Mehyas, Director General of the Abu Dhabi Housing Authority, put it:
“We are committed to providing flexible, accessible financing solutions that meet the needs of citizens and support family stability and social well-being.”
📱 How to apply
Eligible citizens can apply directly through the “Abu Dhabi Housing” app, making the process fast, paperless, and possible from your sofa — gahwa in one hand, phone in the other.
WOW-AbuDhabi says: This is more than just another Abu Dhabi news update — it’s a genuine step toward helping locals settle into their own homes without being buried in debt. With government-backed support and extended repayment plans, your forever home might be just a few taps away.
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