UAE Unveils Low-Cost Housing Loan Insurance for Senior Citizens

ABU DHABI, UAE - 9 July 2025 – In a major step toward inclusive housing support, the UAE Ministry of Energy and Infrastructure, through the Sheikh Zayed Housing Programme, has launched a new low-cost insurance initiative designed to make housing loans more accessible to citizens—particularly senior citizens.

Expanding Access to Housing Loans

This initiative introduces unified, affordable life insurance coverage for all Emiratis benefiting from housing loans, both current and future. Notably, the coverage now extends up to the age of 95, allowing retired and elderly citizens to participate fully in homeownership opportunities.

By addressing longstanding age-based restrictions, the policy ensures that senior applicants can secure housing finance without fear of rejection due to insurance limitations.

Comprehensive and Fair Protection

The insurance covers critical scenarios such as death or total permanent disability, regardless of whether these result from accidents or illness. This ensures long-term peace of mind for borrowers and their families, reducing financial vulnerability in unforeseen circumstances.

The policy framework was developed in cooperation with banking and insurance sectors across the UAE, ensuring smooth implementation through local lenders and takaful providers.

A Strategic National Priority

Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei emphasized that the initiative reflects the UAE leadership’s commitment to family stability and quality of life. He highlighted housing as a foundational element of national development and praised the move as a leap forward in social welfare.

Mohamed Al Mansouri, Director-General of the Sheikh Zayed Housing Programme, called the expanded age limit a “qualitative shift” in policy. He noted that many applicants are denied housing support due to insurance ineligibility, and this initiative directly addresses that gap.

Supporting Long-Term Stability

In parallel with the new insurance coverage, adjustments have also been made to financing regulations. Borrowers with existing mortgages may now obtain new loans, subject to repayment capacity for primary residences. This reflects a broader effort to enhance housing mobility and financial inclusion.

These changes align with the UAE’s ongoing strategy to adapt housing policies to social needs and economic shifts, ensuring that all citizens can access secure and sustainable housing throughout their lives.