ADHA, ADCB offer up to Dhs500,000 housing loan for Emiratis

The initiative is for beneficiaries of the Abu Dhabi Housing Authority’s housing loan programme, with loan amounts of Dhs1.75m

Emiratis in Abu Dhabi can now access top-up housing loans of up to $136,147 (Dhs500,000) through a partnership between the Abu Dhabi Housing Authority (ADHA) and Abu Dhabi Commercial Bank (ADCB). The government-supported loans offer both interest and Murabaha financing options.

“The agreement aligns with Abu Dhabi Housing Authority’s commitment to establishing partnerships with the private sector to provide citizens with a wide range of housing solutions tailored to their needs,” said Hamad Hareb Al Muhairi, director general of the Abu Dhabi Housing Authority.

“It will provide unique, value-added financing options for citizens seeking to obtain extra financial aid, in addition to their existing loans approved by the authority, as per the individual’s solvency.”

The initiative enables eligible citizens to secure additional financing on their original loans of Dhs1.75m, helping them obtain housing that better meets their needs.

Eligible citizens can explore financing options through the ADHA’s mobile application or visit the ‘Iskan Abu Dhabi’ directly. The government will subsidise 50 per cent of the interest and gains on these loans, which can be used to expand existing homes or purchase new ones.

“At ADCB, we recognise the vital role that banking institutions play in the housing sector, a priority for the UAE’s leadership. We remain determined to support the development of housing services in the UAE in order to achieve a prosperous and sustainable future for all members of the society,” said Ala’a Eraiqat, CEO of ADCB Group.

To qualify for the loan, applicants must have a minimum monthly income of Dh30,000. The loan repayment period can be up to 25 years, subject to UAE central bank regulations.

Abu Dhabi unveiled a Dhs3.5bn plan to offer 1,146 villas for UAE nationals in the emirate. The Yas Canal residential project is expected to be completed in the last quarter of 2027.

Similarly, Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, approved a Dhs85.4bn community master plan to build 76,000 homes and residential plots for citizens in the capital over the next five years.