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  • Self Financing Reward "Awad"
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Self Financing Reward "Awad"



Description A financial reward that the establishment grants to the beneficiary who have been approved construction loan and has completed the housing without benefiting from disbursing the loan granted by the establishment
Owner
"Apply for self-financing reward" Reward
Organization
View Order on Customer Relationship Management
Organization
View the request for engineering supervision management
Organization
Submit the request to the Finance Department to approve the issuance of the bonus based on the loan amount and its duration multiplied by (2%)
Owner
Receiving bonus amount
IMG
Target Audience Citizens of the emirate of Dubai who have obtained loan approvals​
Service Fee There are no fees for this service.
Service Channels Customer Happiness Center (Senior Emiratis & People of Determination)
  • Icon17 Terms And Conditions
    1- If the approval expires, the monthly deductions will be rescheduled.
    2- The beneficiary must self-finance until a housing completion certificate is issued.
    3- Applications submitted to benefit from the financial reward “Awad” will not be considered after six months from date of issuance of the building completion certificate
    4- The contractor or the beneficiary should not have previously disbursed any payment of the loan value.
    5- The maximum self-financing reward is (375,000) Dirhams.
    6- In the event of being entitled to a self-financing reward, the beneficiary shall remain committed to the legislation and instructions issued by the establishment
    7- Compliance with the terms of the construction loan 
    8- Compliance with any other conditions determined by the establishment later.
  • Icon18 Required Documents (Electronic)
    Fill in the application form and complete the required documents
  • Icon19 Service Procedures
    Owner
    "Apply for self-financing reward" Reward
    Organization
    View Order on Customer Relationship Management
    Organization
    View the request for engineering supervision management
    Organization
    Submit the request to the Finance Department to approve the issuance of the bonus based on the loan amount and its duration multiplied by (2%)
    Owner
    Receiving bonus amount
    IMG
  • Icon20 Customer Journey
    Step 01 - Select Housing Service
    Self Financing Reward "Awad"
    Hello! I'm Muftah and I'm here to help you apply for Self Financing Reward "Awad".
    1
     
    Step 02 - Learn about the Initial Requirements
    FILL OUT APPLICATION FORM
    Let's Start the process by filling out the Application Form. Self Financing Reward "Awad" Application Form.
    2
     
    Step 03 - Submit Initial Requirements for Verification
    SUBMIT PROCESS FORM FOR VERIFICATION
    Proceed by submitting the filled out form for verification. Your application will either be:
    3
    Step 04 - Rejected! Sorry but you'll have to repeat the process
    YOUR APPLICATION WAS NOT APPROVED
    Sorry you are not yet qualified to apply for this service, please make sure all the requirements are met so you can proceed. If you are unsure about the requirements you can view the Initial Requirements Page.
    Step 04 - Approved! Select which type of Loan/Grant
    REQUEST REVIEW
    Congratulations! You have passed the initial verification. Your request will be reviewed and will calculated for bonus amount.
    4
     
    Step 05 - House Construction Loan
    Receiving bonus amount
    Congratulations! Your bonus amount has been released. Thank you for applying our service. You may also want to check our other services:
    5
     
    Step 06 - Loan External Process
    MORTGAGE RELEASE
    Congratulations! Your mortgage has been released. Thank you for applying our service. You may also want to check our other services:
    6
     
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