Homeownership Assistance: The Saudi Real Estate Development Fund, throughout the first half of this year, provided home loans and finance agreements totalling more than 5.3 billion riyals to serve over 51,000 Saudi households.
Furthermore, in line with Saudi Vision 2030’s objectives, this resulted from the Real Estate Development Fund’s collaboration with several banks and financial organisations.
Supporting the Kingdom’s Homeownership
“Sakani,” a programme designed to make it easier for Saudi Arabian nationals to become homeowners, showcased this year’s outstanding work to offer various housing and finance options.
Consequently, Saudi families have a variety of alternatives to select from, such as under-construction flats, self-build, and ready-to-move-in, added to that, residents may make use of numerous financing options and solutions, such as:
- Matrix of financial assistance.
- Packaged support for down payments.
- Support provided in kind.
- A Simple mortgage.
- A simple instalment plan.
- The lowest profit margin for finance.
- Your premium is proportional to your support.
- Programme for Guarantees.
“Sakani” also disclosed a few recent residential developments that the National Housing Company in the Kingdom of Saudi Arabia has undertaken in various parts of the country.
In the first half of 2024, the “Sakani” programme’s quarterly bulletin examined the performance metrics for suburban and integrated residential developments, which offer all the amenities necessary to provide residents with more than simply a place to live.
The bulletin also covered programme-implemented housing exhibits and indications of housing support during the same time frame.
Housing Programme
In particular, “Sakani” aims to increase the percentage of Saudi families that own a house to fulfil the objectives of the housing programme, which is one of Saudi Vision 2030’s projects, by offering additional housing options at affordable costs.
Not only that, but they also build residential communities with integrated services and amenities, as well as a contemporary residential environment that promotes Saudi society’s well-being.
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