UAE Pays $4.2 Million to Bankroll Emirati Weddings

UAE Pays $4.2 Million to Bankroll Emirati Weddings
Sat 06-04-2013

The UAE Marriage Fund has granted AED11.18 million (US$4.2 million) to 306 Emiratis to help finance their weddings!

The UAE’s state news agency said in a statement: “The government-backed group is offering each bride AED70,000 as financial assistance.”

Dr. Maitha bint Salem Al Shamsi, Minister of State, and chairwoman of the fund said: “The grant aims to encourage Emirati youth to marry other Emiratis.”

The Marriage Fund was established in 1992 with a US$440 million donation from President Zayed bin Sultan al-Nahayan in a bid to encourage more Emiratis to marry within their nationality.

The fund organizes mass weddings throughout the Gulf state and offers counseling and financial assistance to UAE nationals.

Emirati weddings have a reputation for being expensive, lavish affairs with figures from the Institute For International Research in Dubai estimating the average cost at AED300,000 (Around $900,00)