Sheikh Hamdan bin Mohammed, Dubai Crown Prince and Chairman of The Executive Council of Dubai, said six hundred home loans for UAE citizens in Dubai have been approved by the government. WAM
Sheikh Hamdan bin Mohammed, Dubai Crown Prince and Chairman of The Executive Council of Dubai, said six hundred home loans for UAE citizens in Dubai have been approved by the government. WAM
Sheikh Hamdan bin Mohammed, Dubai Crown Prince and Chairman of The Executive Council of Dubai, said six hundred home loans for UAE citizens in Dubai have been approved by the government. WAM
Sheikh Hamdan bin Mohammed, Dubai Crown Prince and Chairman of The Executive Council of Dubai, said six hundred home loans for UAE citizens in Dubai have been approved by the government. WAM

Dh600m worth of housing loans approved for UAE citizens in Dubai


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Six hundred home loans for UAE citizens in Dubai have been approved by the government as part of the national housing programme.

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, said on Twitter that the loans were approved in line with instructions from Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.

The Crown Prince said the value of the loans was Dh600 million.

"Under the directives of Sheikh Mohammed bin Rashid Al Maktoum, we approved today, within the housing programme for citizens in Dubai, 600 housing loans worth AED600 million while raising the value of the housing loan to AED1 million," Sheikh Hamdan wrote.

"We are following up on the housing file of citizens and everything that makes them happy and provides a decent life for them," he said.

In September, The National reported that Emirati families in Dubai will be eligible for loans of up to Dh1 million to help them get on the property ladder.

Sheikh Mohammed approved the measure as he gave the go-ahead for 4,000 homes to be built.

The value of the project is Dh5.2 billion.

That decision came after Sheikh Mohammed said that Dh65bn would be allocated to Emirati housing in Dubai in the next 20 years.

On Sunday, Sheikh Mohammed approved the 2022 to 2024 budget of the emirate that allocates Dh181bn ($49.28bn) of expenditure, including Dh60bn set aside for this year.

The new budget supports the emirate's efforts to stimulate its economy and goals of Dubai Strategic Plan 2030, said the Dubai Media Office.

UAE currency: the story behind the money in your pockets
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Six large-scale objects on show
  • Concrete wall and windows from the now demolished Robin Hood Gardens housing estate in Poplar
  • The 17th Century Agra Colonnade, from the bathhouse of the fort of Agra in India
  • A stagecloth for The Ballet Russes that is 10m high – the largest Picasso in the world
  • Frank Lloyd Wright’s 1930s Kaufmann Office
  • A full-scale Frankfurt Kitchen designed by Margarete Schütte-Lihotzky, which transformed kitchen design in the 20th century
  • Torrijos Palace dome
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

The Bio

Name: Lynn Davison

Profession: History teacher at Al Yasmina Academy, Abu Dhabi

Children: She has one son, Casey, 28

Hometown: Pontefract, West Yorkshire in the UK

Favourite book: The Alchemist by Paulo Coelho

Favourite Author: CJ Sansom

Favourite holiday destination: Bali

Favourite food: A Sunday roast

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Specs

Engine: 3.0L twin-turbo V6
Gearbox: 10-speed automatic
Power: 405hp at 5,500rpm
Torque: 562Nm at 3,000rpm
Fuel economy, combined: 11.2L/100km
Price: From Dh292,845 (Reserve); from Dh320,145 (Presidential)
On sale: Now

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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Four motivational quotes from Alicia's Dubai talk

“The only thing we need is to know that we have faith. Faith and hope in our own dreams. The belief that, when we keep going we’re going to find our way. That’s all we got.”

“Sometimes we try so hard to keep things inside. We try so hard to pretend it’s not really bothering us. In some ways, that hurts us more. You don’t realise how dishonest you are with yourself sometimes, but I realised that if I spoke it, I could let it go.”

“One good thing is to know you’re not the only one going through it. You’re not the only one trying to find your way, trying to find yourself, trying to find amazing energy, trying to find a light. Show all of yourself. Show every nuance. All of your magic. All of your colours. Be true to that. You can be unafraid.”

“It’s time to stop holding back. It’s time to do it on your terms. It’s time to shine in the most unbelievable way. It’s time to let go of negativity and find your tribe, find those people that lift you up, because everybody else is just in your way.”

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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Updated: January 03, 2022, 12:11 PM`