Abu Dhabi’s Housing Mega Plan: 82.7 Billion Dirhams

Abu Dhabi's Grand Housing Plan: 35,000 New Homes Worth 82.7 Billion Dirhams

Abu Dhabi has announced a large-scale housing project that will see the creation of 35,000 new homes over the next five years. The development, with a total budget of 82.7 billion dirhams, aims to support citizens' housing opportunities and further strengthen the emirate's housing infrastructure. The new program includes residential units and plots, as well as expanded mortgage options and more flexible payment terms.

14 New Residential Projects and Expanded Loan Programs

As part of the plan, Abu Dhabi is launching 14 new integrated residential projects, distributing 26,000 new residential units and 9,000 plots to local citizens. The goal is to ensure suitable housing for every citizen and to make housing options more accessible and flexible.

In addition to the developments, new mortgage options will be introduced, aimed at facilitating home ownership for citizens with lower incomes. The new loan programs offer deferred payment options for low-income citizens aged 25 to 45, giving them the opportunity to choose from a wider range of homes.

Community Support Discount and Flexible Payments

One of the program's highlights is the community support discount, which includes a credit of 250,000 dirhams for every mortgage worth 1.75 million dirhams. This amount is automatically and retroactively deducted, alleviating the financial burdens on borrowers.

As an additional benefit, the loan repayment period can be extended up to 30 years, significantly reducing the monthly payment amounts. The determination of payment amounts will become more flexible, considering the borrower’s monthly income and financial situation. This change is particularly beneficial for those who might struggle to pay monthly installments due to changes in their financial circumstances.

Deferred Payment Options and Plot Transfer Fee Waivers

The new mortgage program introduces a deferred payment option that provides broader housing options for low-income citizens aged 25 to 45. This discount enables those who previously could not meet stricter lending criteria to acquire their own homes.

Additionally, the program will eliminate fees associated with plot transfers if the exchange is mutually agreed upon. This step aims to facilitate land exchanges within the community and strengthen family and community ties.

New Repayment Rules Starting from 2025

Aside from the community support discount, a new, more flexible monthly repayment rule will be introduced. From September 2025, the changes will ensure that monthly installments do not exceed 10% of income, with a maximum installment amount not exceeding 10,000 dirhams. This new system is advantageous for those who have previously faced difficulties due to high installment costs.

Conclusion

Abu Dhabi's new housing plan not only expands citizens' housing opportunities but also contributes to easing financial burdens through flexible and favorable lending conditions. In addition to the realization of 35,000 new homes, the community support discount, deferred payment option, and flexible repayment terms all aim to make it easier and safer for Abu Dhabi citizens to own their property. The new system addresses current and future housing needs, supporting social cohesion and community solidarity.

(Source: Statement from the Crown Prince of Abu Dhabi.)