The housing assistance loan exemption service in Dubai allows recipients of housing assistance to get an exemption from the loan. This exemption is granted in case of the death of the beneficiary or a decrease in monthly income. Here is everything you need to know about the housing assistance loan exemption in Dubai.
Housing Assistance Loan Exemption in Dubai
The Sheikh Zayed Housing Programme (SZHP), among others, makes owning a home convenient for UAE nationals by offering housing grants in Dubai. However, in case of the beneficiary’s death or a reduction in monthly income, the recipient can get an exemption from the loan payments.
Applying for a housing assistance loan exemption is a quick and easy process. All you need to do is fill out the application form and submit the required documents. The committee will review your request and grant an exemption based on your financial condition and social status.
Below is the detailed process of how to apply for a housing assistance loan exception in Dubai.
Required Documents
All required documents for SZHP housing assistance loan exemption in Dubai must be stamped by the relevant authorities. Digital stamps are also accepted.
Documents Required in Case of Beneficiary Death:
- A copy of the beneficiary’s death certificate
- A copy of heritage confinement.
- Copy of the beneficiary’s family data
- A copy of the power of attorney for the heirs, to proceed procedure on their behalf in government entities.
- Real estate and properties statement, valid commercial licences in the real estate field of the applicant.
- Income and salary certificate for the deceased.
- A document from the deed of ownership of the house.
- Any other documents deemed by the committee.
Documents Required in Case of Decreased Borrower Income:
- A copy of the family data
- Detailed salary certificate or valid monthly subsidy, and in case of non-work, proof of non-work issued by the court or the notary public.
- A certificate of real estate owned by an authorised entity in the applicant’s emirate
- A statement from Al Etihad Credit Bureau regarding the applicant’s data and accounts.
- In the case of medical disability: – Submit an approved medical report stating the applicant’s partial or total disability.
- Providing a valid certificate of indebtedness to the applicant.
- Any other necessary documents requested by the committee
Terms and Conditions
In case of Beneficiary Death
- The heirs of the beneficiary will be exempted from paying part or the full remaining loan amount. This depends on their financial status, social status and their inability to repay the amount.
- The heirs must submit all required documents for case assessment.
In Case of Decreased Borrower Monthly Income
- The beneficiary’s monthly income falls below the specified limit for obtaining the financial loan. Additionally, the per capita income in the beneficiary’s family has become AED 3000 or less. This decrease is expected to continue due to old age and according to the adopted methodology.
Process to Apply for Housing Assistance Loan Exemption in Dubai
- Log in with your UAE PASS account
- Fill in the housing assistance loan exemption form
- Attach the required documents
- Submit the request and you are good to go
Expected Time
25 working days
Service Fees
There is no fee for the housing assistance loan exemption request in Dubai.
Target Audience
- UAE National
- Senior UAE National
- Special Needs
- Others
Service Channels
- MOEI website: 24/7
- Smart app: 24/7
- Happiness Service Centres: According to the service centre working hours
Partners
- Emirates Development Bank
- Ministry of Finance
- Ministry of Cabinet Affairs
Exceptional Cases
- Senior UAE nationals
- People with special needs
FAQs
What is the Minimum Salary for a Home Loan in Dubai?
The minimum salary of a UAE national must be AED 10,000 to get a home loan in Dubai. Whereas, the minimum salary of a UAE resident must be AED 15,000. However, the minimum amount you need to earn to buy a property in Dubai might vary depending on the type of property.
Do Emiratis get Free Housing?
The government of UAE provides free housing, housing loans, residential facilities and maintenance and allocates lands to deserving Emiratis. This ensures that Emiratis have access to safe and affordable housing within the UAE.
Who is Eligible for a Housing Assistance Loan in Dubai?
UAE citizens holding family data and an Emirates ID card are eligible for a housing assistance loan in Dubai. Check your eligibility before applying for a home loan in the UAE.
That is all about the housing assistance loan exemption request in Dubai. Make sure to take a look at the terms and conditions before applying for an exemption. Complete the necessary procedures and you are all set.
If you are looking to buy a property in the modern city, there are numerous luxury properties to choose from. Browse through properties for sale in Dubai and pick the location of your choice.
Stay tuned to dubizzle’s property blog to learn more about housing loans and their exemptions.
