To ease the financial commitments of residents amidst the global coronavirus outbreak, His Highness Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince of Dubai has announced the launch of an AED 1.5 billion stimulus package on his official Twitter account. Introduced under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE and Ruler of Dubai, the package will minimise the cost of living, particularly by the reducing recurring expenditures such as DEWA utility bills in Dubai.
Reduction in DEWA Utility Bills in Dubai – A new stimulus package
With the help of DEWA (Dubai Electricity and Water Authority), the UAE government has developed a plan to ensure that both individual consumers and larger corporate entities are not adversely impacted by the global coronavirus outbreak. The government has launched a stimulus package that will lower the cost of DEWA utility bills, in the midst of the global COVID-19 pandemic.
What is the Dubai stimulus package?
A stimulus package is a set of incentives and tax rebates offered by the government to help residents and prevent economic slowdown during unprecedented situations. The AED 1.5B package introduced by the UAE government will cater to 15 initiatives across different sectors including retail, trade, tourism and energy.
Who will be benefitted by the stimulus package in Dubai?
The package will cater to both residents and businesses.
How will the stimulus package lead to saving on bills?
- Water and electricity bills will be reduced by 10%
- DEWA deposits will be reduced by 50%
- The Empower district cooling bills will reduce by 10%
To find out more about the stimulus package, take a look at all the financial measures introduced in the UAE as a result of COVID-19.
What is the duration of the stimulus package in Dubai?
As per the latest announcements, the package will be in effect for three months.
Similar to this stimulus package, the UAE government has taken many other measures to safeguard public health.
With more new cases being reported recently, the UAE government has become extremely vigilant about the spread of coronavirus in the UAE.
The first proactive step taken by the government was to cancel events in the UAE to mitigate the risk of a pandemic. Similarly, the government also closed down the schools in the UAE as children are at a higher risk of infection.
Now, it’s time for you to create a plan of action as a responsible citizen of the UAE. Be kind, adopt healthy habits and avoid spreading misinformation. Read more about your responsibilities amidst the coronavirus outbreak in the UAE.
Stay healthy and look after your family and loved ones.