Abu Dhabi to spend 2.78bn dirhams on mortgage loans, exemptions for citizens

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DUBAI: The Abu Dhabi government will spend 2.78 billion dirhams ($757 million) to disburse mortgage loans for 1,500 Emirati citizens and exempt mortgage repayments for 476 retirees, the government said on Twitter.

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The disbursal and exemptions were ordered by Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed al-Nahyan for the occasion of Eid al-Adha, a four-day Muslim holiday.

SOURCE: REUTERS

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