The UAE is a popular destination for wealthy foreigners for a number of reasons.

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Many billionaires in the UAE are drawn to the country's zero income tax policy. As a result, people travel to the United Arab Emirates in order to safeguard and increase their wealth without having to pay high taxes on it.    The United Arab Emirates (UAE) provides a golden visa program that permits investors, entrepreneurs, and professionals to stay in the nation for an extended period of time. This effort has been essential in attracting skilled labor and funding from around the world.    Due to its strategic location at the crossroads of Asia, Africa, and Europe, the UAE can be quite alluring for investment. This is also important information for visitors planning meetings there.    UAE Offers  a lots of opportunities for ventures and investments. Under a stable political climate, the state of the United Arab Emirates can enjoy a sense of security and predictability, both of which are necessary for efficient long-term planning.     Countries that have seen the greatest growth in
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Abu Dhabi Crown Prince approves Dh2.7 billion housing support plan for residents

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Abu Dhabi

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, has approved a Dh2.74 billion housing support plan for residents living in the capital of the United Arab Emirates (UAE).

Under the directives of the President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan, the assistance will be delivered to 1,800 citizens living in the capital. Housing loans will be provided to eligible citizens as part of the initiative. Sheikh Khaled was named Crown Prince of Abu Dhabi in March.

It is the first housing package of 2023. The housing benefit coincides with the Eid Al Fitr celebrations. The housing package aims to help residents to raise strong families in order to benefit the future of the UAE. The loan will cover the cost of the construction of the buildings, demolition and reconstruction, as well as maintenance and expansion.

However, low-income retirees and families of deceased mortgagors are not allowed loan repayments under the scheme in Abu Dhabi, Al Ain and Al Dhafra.

Mohammed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport (DMT) and Chairman of the Abu Dhabi Housing Authority, thanked the UAE President and the Abu Dhabi Crown Prince for their support and for launching the latest financial package. Hamad Hareb Al Muhairi, Director General of Abu Dhabi Housing Authority, also thanked and expressed his gratitude to His Highness for his support.

Eid Al Fitr 2023 will be celebrated in the Emirates on either Friday or Saturday. The official date for Eid will be confirmed by the sighting of the crescent moon. Employees in the UAE will begin their paid Eid public holidays on Thursday.

The Ministry of Human Resources and Emiratisation (MoHRE) and the Federal Authority for Government Human Resources (FAHR) announced the Eid holidays for government and private sector workers. 

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