Emiratis who have taken out loans to build or purchase homes can now apply for a top-up of up to Dh500,000, thanks to a new initiative by the Abu Dhabi government. Announced on Saturday, this program allows eligible citizens to secure additional financing on top of their original Dh1.75 million loan to meet their housing needs.
The Abu Dhabi Housing Authority (ADHA) partnered with Abu Dhabi Commercial Bank (ADCB) to offer the top-up loans. These loans, which include both interest and Murabaha options, will have half of the interest covered by the government.
To qualify, applicants must be part of ADHA’s Housing Loan Programme, have a minimum monthly income of Dh30,000, and have activated but not yet disbursed payments on their existing loans. The repayment period extends up to 25 years.
This collaboration was formalized with an agreement signed by ADHA Director General Hamad Hareb Al Muhairi and ADCB CEO Ala’a Eraiqat. Both leaders emphasized the importance of this initiative in offering citizens more flexible housing solutions.
