Khaleej Times, Sat, Nov 04, 2023 | Rabi Al-Aakhir 20, 1445
UAE's new housing policy allows citizens to resell houses, transfer mortgage
Emirates:
The UAE has approved a new housing policy that allows citizens to replace or
resell their houses and transfer mortgage. The policy will also see flexible
loan schemes are approved for Emiratis.
This came as His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President
and Prime Minister of the UAE and Ruler of Dubai, chaired a Cabinet meeting in
Abu Dhabi on Monday.
The Cabinet approved the requirements for housing assistance and mortgage
transfer offered by the Sheikh Zayed Housing Programme. The move is part of the
UAE’s efforts to provide suitable housing to Emiratis.
Beneficiaries of housing assistance can now apply for a mortgage transfer from a
property to another by sending their applications to the Ministry of Energy and
Infrastructure.
UAE Government Annual Meetings
Chaired by the President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, and
Sheikh Mohammed bin Rashid, the UAE Government Annual Meetings will be held on
November 7-8 in Abu Dhabi. The meetings will witness the participation of more
than 500 dignitaries, including heads of UAE executive boards, ministers, and
senior officials.
“The meetings are the largest national forum for decision-makers in the UAE,
representing an annual opportunity to evaluate and review our achievements, and
set our priorities and objectives to fulfil the aspirations of our people,”
Sheikh Mohammed wrote on social media platform X.
Emirates Drug Establishment
The Cabinet also approved the establishment of a federal body to strengthen the
country’s position as a global hub for pharmaceutical and medical industries.
Emirates Drug Establishment will promote research and development in this sector
and facilitate pharmaceutical investments.
The Board of Directors of the establishment is chaired by Dr Thani bin Ahmed Al
Zeyoudi and the Vice-Chairperson is Dr Maha Barakat. The federal establishment
has administrative and financial independence.
“The corporation will establish and manage a national system for tracking and
monitoring medical products from factory to consumer,” said Sheikh Mohammed.
The body will contribute to enhancing the production and export of high-quality
medical and pharmaceutical products, as well as ensuring the availability,
quality, effectiveness and safety of these products.
It will be responsible for managing and regulating medical products including:
Pharmaceutical, healthcare, medical devices, food supplements, cosmetics,
veterinary products, fertilisers, pesticides, agricultural additives, plant
growth regulators, and genetically modified organisms (GMOs) and their products.
The establishment will be responsible for preparing an integrated national
framework for pharmaceutical research, clinical and non-clinical studies and
trials.
It has the authority to issue licences and monitor medical product factories and
companies, pharmacies and contractual companies supporting the development and
manufacturing of medical products, warehouses, marketing offices, blood banks,
umbilical cord blood and stem cell storage centres.
The body will be responsible for approving and registering medical products, as
well as establishing a national pricing system for medical products.
Recyclable materials
The Cabinet also approved the UAE policy for integrated management of recyclable
materials. As per the policy, the new list of the recyclable materials includes
used tyres, electronic waste, plastic waste, used cooking oils, and aluminium
dross.
Educational policies
A professional licence policy at the Emirates Schools Establishment aims to
provide recruitment guidance, training, and promotion procedures.
The UAE will also host the headquarters of the Gulf Academy for Strategic and
Security Studies.