Do you know about Sheikh Zayed Housing Programme? Check out all details and take the best out of it because this lucrative initiative opens up opportunities for property investment for those who have been struggling for longer.
Everyone comes with different eligibilities in life and if you are one of those who can buy property without any effort, then you are fortunate, but what to those who find it difficult to find their dream property, and in such situation Sheikh Zayed Housing Programme works as a true helping hand.
Do You Want To Know How?
Then check out the entire blog to get complete deets on SZHP to decide its worth and need, let us get started:-
So Sheikh Zayed Housing Programme is a program run by the government to ensure 100 percent assistance to the UAE national citizens who find it difficult to search their a suitable home so that the utmost advantage can be taken from this program.
NOTE: Income holders with AED 15,000 or less can only apply for this program.
And their office is widely present over Fujairah (Sakamkam Road), Abu Dhabi, Ras Al Khaimah (Sheikh Mohammed Bin Zayed road) and Dubai (Marrakesh Street, Umm Ramool). So one can access any office to take benefit from this programme or else online is another supportive option (https://www.szhp.gov.ae/default.aspx) to opt in case you have no time to visit personally.
Interestingly to support this program, the UAE cabinet has approved a budget for housing loans costing 12 billion dirhams ($3.26 billion) and this year more than 3,000 beneficiaries of housing loans were approved to fulfill the dream of buying a property in UAE.
And since 1999 this initiative has been helping widows, divorced females, people living without parents, separated parents, disabled, orphans, and those who are unable to find their suitable residence, those who are unable to buy suitable property, so it works as a one stop destination to help the seekers in finding out the true home space despite deal with conditions.
This housing helps widely depending on the needs of the users to make property investment experience convenient and comfortable, so below you can check out the following advantages:-
Not just this, but with complete assistance it offers housing aid to grant non refundable financial, then financial loans to improve your housing experience or even for a house in ministry built complexes and lastly, utility housing is for rent and other expenses such as sewage service, water & electricity, natural gas and more.
And in case you want more information on this programme, then you can make a call on 800 6634 or else can visit their office Sunday-Thursday (8 am- 2 pm).
So for this you need to arrange the following documents and ensure that they all are valid:-
And in case a divorced woman wants to apply should get a certificate issued by the competent court providing her custody of her children.
And now the ministry may train the applicant to submit any information, or documents within a time not exceeding 90 days from the date of the request, otherwise, it may not be valid. Apart from this, a housing assistance application shall be refused if all documents are not attached or valid, so the correctness of the data is ensured by the ministry, and if the wrong data is given intentionally, then the housing assistance will be withdrawn.
And then simply with the help of an official website you can follow up the application by entering the user name and password.
Then if you are concerned about the value of the loan, then the value of the housing assistance maximum limit for a grant or loan is 800,000 dirhams, and for assistance for governmental housing or housing loan within a residential complex depending on the cost of the establishment of the house and it should not exceed 800,000 dirhams.
The monthly income limit of the grand recipient applies to a person whose average monthly income is less than 15,000 dirhams. And note, The Council of Ministers may change the value of the housing assistance and the monthly income for the recipient of the financial grant, and this is entirely based on the economic conditions, prices of goods & services, inflation rates and proposal by the minister.
Now, what if you want to cancel your application? So the documents that are required are the family book along with filling out the cancellation request.
And next up we have the future concerns which Sheikh Zayed Housing Programme is going to work on to bring more members together in this initiative, check out below:
Listening to customer’s voice- To ensure transparency and a customer-centric approach
Digital Services by Default- Proactive digital government services to blend with future lifestyles and make the experience smoother
Safe Data guaranteed privacy- Ensure to protect the customer data and their privacy
Seamless Experience- Government to ensure proactive services to the customers based on their needs & requirements.
Value Added Services- Planning to adjust government fee to curtail the costs and boost the efficiency in order to benefit the connected people.
Human Centered Services- Services to live up to the human needs & requirements and to keep the customers content.
So these future services will infuse better experience altogether to create a comfortable platform for the users and government to meet the actual need and live in a home which is a lifetime dream for every citizen.
In fact, SZHP reveals its groundbreaking technology for real estate to meet the next level property experience where it helps in supporting your decision.
“My Virtual Home and Zayed Communities” allows the users to take a perfect visual tour of the property to understand its overall look & feel, and with the help of this, it has shown an escalation in the number of sales and it is a great idea to let the buyers experience their future home and this even curtails the fear of investment.
And if you plan to buy your property, then this model will add up a futuristic experience where with just a touch you can enter into 3 dimensional cube to open up a way to floor to ceiling access to check out the development completely. Besides this, you can design your home accordingly.
So all in all, with the help of Sheikh Zayed Housing Programme different groups of home seekers can find their property in UAE and the main concern of the Programme is to eradicate the difficulties of investment and let the seekers be in their dreams homes.
Now let us close this by adding up some important FAQs on Sheikh Zayed Housing Programme:-
Q- What is required after issuing a housing assistance decision?
Apply the requirement of opening the implementation file.
Q- What are the reasons for the delay in issuing the approval decision?
The government is already working on its current plan to allocate 1,726 housing units and to make the process easier and simpler the government is determining the need of an individual by scaling the groups on the basis of 3 main aspects- Social, financial and residential aspect.
Q- How can the data of the submitted housing assistance application be updated?
With the help of the website or Ministry’s services application, the housing support applicant can be updated in the real time.
Q- Can Gulf citizens like Saudi apply for housing Sheikh Zayed?
The applicant must be a citizen that is the first and foremost criteria to keep in mind, and rest there are different aspects to watch.
Q- What are the working hours of this program?
8:00 am to 14:00 pm from Sunday to Thursday and the call center timings are 7:30 am to 7:30 pm from Sunday to five.
Q- What is meant by initial and final approval?
The name of the applicant in the general list based on the points system in preparation to obtain grant or loan, and for final approval issuance of the decision for granting of the user to either the grant or the loan.
Q- How many homes will be handed to citizens by 2022 under Sheikh Zayed Housing Programme?
Nearly 10,000 new homes will be delivered by 2022 to the citizens connected to Sheikh Zayed Housing Programme. And by 2026 it will build 15,800 homes for nationals in Dubai
Q- What types of properties are there in Sheikh Zayed Housing Programme?
Recently, the ministry identified 100 housing design models which blend in every type of need and desire. And they have completed 36,000 homes for Emiratis.
Q- For what Sheikh Zayed Housing Programme is mostly used?
There are following aspects for which this government program is highly used by the citizens:-
