UAE Cancels Millions in Debts for Citizens During Eid al-Adha | Die Geissens Real Estate | Luxus Immobilien mit Carmen und Robert Geiss โ€“ Die Geissens in Dubai
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Major debt relief during Eid al-Adha

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The UAE has erased millions in debts for hundreds of citizens during Eid al-Adha, reflecting national values of mercy and social responsibility.

In a powerful display of compassion and solidarity, the United Arab Emirates (UAE) has announced a sweeping debt relief initiative during Eid al-Adha. The move underscores the nation's commitment to social welfare and community cohesion.

Presidential Order Cancels Over AED 139 Million in Debt
  • President Sheikh Mohamed bin Zayed Al Nahyan authorized the cancellation of AED 139.8 million in debts.
  • This relief benefits 222 Emirati citizens, particularly retirees and those receiving social assistance.
  • The initiative was carried out through the โ€œDefaulted Debts Settlement Fund.โ€

This financial support aims to alleviate burdens and promote stability for vulnerable families, reinforcing the UAEโ€™s inclusive social policy.

Dubai Crown Prince Erases Mortgage Debt
  • Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, waived AED 101 million in mortgage debts.
  • The decision impacted 303 citizens, improving their quality of life and allowing them to celebrate Eid without financial distress.

This move may also have long-term effects on the real estate market, potentially increasing liquidity and homeownership viability for more Emiratis.

Over 3,000 Prisoners Pardoned
  • More than 3,000 inmates were granted clemency across the Emirates.
  • This initiative supports social reintegration and rehabilitation, offering recipients a fresh start.

These pardons reflect the UAEโ€™s focus on justice reform and social reintegration, which can contribute to a more stable and inclusive society.

Commitment to Social Cohesion and Progress

Together, these initiatives highlight the UAE's vision of a compassionate society and a forward-looking governance model. The alignment of humanitarian efforts with infrastructure development and economic modernization reaffirms the UAEโ€™s role as a leading emerging market in the region.

A Vision of Unity and Renewal

As the country celebrates Eid al-Adha, these acts of generosity send a strong message of hope and togetherness โ€” a testament to leadership that blends empathy with strategic foresight.