Archive · 5 Jun 2025
Dubai Crown Prince Forgives Dh101M in Loans for Citizens
Imagine the Crown Prince of Dubai giving a big gift to help people.
He decided that 303 people in Dubai don't have to pay back their housing loans, which is like a huge debt.
This totals to Dh101 million.
It's like a very generous present before a big holiday called Eid Al Adha.
This act is a part of the UAE's plan to make sure everyone is doing well and feels happy.
It's like the leaders want to make life a bit easier for the people in the country, especially during special times.
Sheikh Hamdan waived Dh101 million in housing loans for 303 Emirati nationals.
The decision was announced ahead of the Eid Al Adha celebrations.
The move aligns with the UAE's commitment to improve citizens' quality of life.
It reflects a focus on social welfare and economic stability.
This is part of a broader initiative to ease financial burdens for citizens.
- Who
- Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai.
- What
- Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum waived Dh101 million in housing loan debts.
- When
- Announced on June 4, ahead of Eid Al Adha.
- Where
- Dubai, UAE
- Why
- To improve citizens' quality of life and support social stability, especially ahead of Eid Al Adha.
- Amount of Loans Waived
- Dh101 million
- Number of Beneficiaries
- 303
- Who ordered the waiver
- Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum
- Official Title of Sheikh Hamdan
- Crown Prince of Dubai
- Event it Preceded
- Eid Al Adha
- Date of Announcement
- June 4