President Sheikh Mohamed's directive comes ahead of Eid Al Adha. Photo: UAE Presidential Court
President Sheikh Mohamed's directive comes ahead of Eid Al Adha. Photo: UAE Presidential Court
President Sheikh Mohamed's directive comes ahead of Eid Al Adha. Photo: UAE Presidential Court
President Sheikh Mohamed's directive comes ahead of Eid Al Adha. Photo: UAE Presidential Court

President Sheikh Mohamed waives Dh140m in debt for Emiratis


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President Sheikh Mohamed on Wednesday waived the debts of 222 Emiratis, amounting to more than Dh139.8 million, before Eid Al Adha.

The relief has been extended through the Defaulted Debts Settlement Fund, with beneficiaries including retirees and social support recipients.

The move is part of efforts to promote social welfare and development by easing financial burdens, state news agency Wam reported.

Debts of about Dh86.4 million will be waived for 132 retirees, while 90 citizens will be exempted under the social support category from repaying debts amounting to Dh53.4 million.

The move follows a similar decision announced before the UAE’s 53rd National Day last year. At the time, debts worth Dh401 million were cleared for 1,277 Emiratis.

Mortgages written off

In Dubai, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, waived Dh101 million in mortgage debt for 303 Emiratis.

The initiative aimed to support citizens and improve their quality of life, Dubai Media Office reported.

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Updated: June 04, 2025, 10:00 AM