Minister of Public Works & Borad Chairman of the Zayed Housing Programme has approved a list of 200 citizens for housing assistance for 2011. The assistance will be in the form of loans and grants to the entitled citizens in the seven emirates.
About 40 percent of housing assistance will be in the form of loans, to be given to those whose monthly salary is above AED 10,000, while the remaining assistance will be given as grants to those who draw less than AED 10,000 a month.
According to the Programme management, the entitled citizens can select from 24 house models with modern designs and specifications. They can also benefit from the Programme’s initiative of reducing construction costs, based on an agreement the programme had signed with a group of 36 building materials suppliers to offer up to 45 percent discount of the retail prices of the materials.