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UAE’s new housing policy allows citizens to resell homes and transfer mortgages – News


Cabinet meeting chaired by Sheikh Mohammed announces annual UAE government meetings and formation of Emirates anti-drug establishment

Sheikh Mohammed chairs the UAE cabinet meeting on Monday.

Published: Monday, October 30, 2023, 9:09 p.m.

Last update: Monday, October 30, 2023, 10:58 p.m.

The United Arab Emirates has approved a new housing policy that allows citizens to replace or resell their homes and transfer mortgages. The policy will also allow flexible loan schemes to be approved for Emiratis.

This came as His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, chaired a Cabinet meeting in Abu Dhabi on Monday.

The Cabinet approved the requirements for housing assistance and mortgage transfer offered by the Sheikh Zayed Housing Programme. The move is part of the UAE’s efforts to provide adequate housing to Emiratis.

Housing assistance recipients can now request a mortgage transfer from one property to another by submitting their applications to the Ministry of Energy and Infrastructure.

UAE Government Annual Meetings

Chaired by the President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, and Sheikh Mohammed bin Rashid, the UAE Government Annual Meetings will be held on 7 and 8 November in Abu Dhabi. The meetings will be attended by more than 500 dignitaries, including heads of executive boards, ministers and senior officials of the UAE.

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“The meetings are the largest national forum for decision-makers in the UAE and represent an annual opportunity to evaluate and review our achievements and set our priorities and objectives to meet the aspirations of our people,” Sheikh Mohammed wrote on the platform of social networks X. .

Emirates Drug Establishment

The Cabinet also approved the establishment of a federal body to strengthen the country’s position as a global hub for the pharmaceutical and medical industries. Emirates Drug Establishment will promote research and development in this sector and facilitate pharmaceutical investments.

The establishment’s board of directors is chaired by Dr. Thani bin Ahmed Al Zeyoudi and the vice-chairman is Dr. Maha Barakat. The federal establishment has administrative and financial independence.

“The corporation will establish and manage a national system to track and control medical products from factory to consumer,” Sheikh Mohammed said.

UAE ministers at the Cabinet meeting on Monday.

UAE ministers at the Cabinet meeting on Monday.

The organization will contribute to improving the production and export of high-quality medical and pharmaceutical products, as well as guaranteeing the availability, quality, effectiveness and safety of these products.

It will be responsible for managing and regulating medical products, including: pharmaceuticals, healthcare, medical devices, food supplements, cosmetics, veterinary products, fertilizers, pesticides, agricultural additives, plant growth regulators and genetically modified organisms (GMOs) and their products.

The establishment will be responsible for preparing an integrated national framework for pharmaceutical research, clinical and non-clinical studies and trials.


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