| About 70% who seek housing grants have bank loans for purchase of luxury goods. Khalifa Mustapha Al Tinaiji, member of the Sharjah Executive Council and head of Sharjah Department of Housing, has turned down an SEC member's call to expand the government's grant-based housing programme for Emiratis.
"Grants do not reduce debt levels of Emiratis and its continuation would encourage debtors to borrow more," he said in response to the proposal of Yusuf Mohamed, member of the SEC...............................................Full Article: Source
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