The Real Estate Development Fund announced today the deposit of 1.091 billion riyals into the accounts of beneficiaries of the housing support program from the Ministry of Municipalities and Housing and the Real Estate Fund, for the month of October 2026.
He explained that the total support for the month of October was allocated to support the profits of the various housing support program contracts, to enable beneficiaries and improve their ability to own housing, in order to achieve the objectives of the Housing Program, one of the programs of Saudi Vision 2030, noting that the total amount deposited into the accounts of beneficiaries of the housing support program from January of this year 2026 AD until the current month of October amounted to ten billion, eight hundred and seventeen million riyals.
The Real Estate Development Fund provides housing support services through the Fund’s electronic portal, in addition to the “Real Estate Advisor” service, which enables beneficiaries to build their support paths, according to the best financing and housing recommendations.
Since its establishment in 1974, the Real Estate Development Fund has enabled more than 1,800,000 families to obtain their first home, and has contributed to raising the rate of homeownership for citizens to 66.24%. The Fund continues to play its leading role in enabling families to own suitable homes, through the development of innovative financing solutions in cooperation with financing entities and real estate developers, which contributes to facilitating the homeownership journey and expanding the range of financing and housing options suitable for the needs of beneficiaries.
The Saudi Real Estate Development Fund plays a developmental role in supporting citizens’ homeownership, by providing financing solutions and programs aimed at facilitating access to suitable housing, in cooperation with banks, finance companies and private sector institutions.
The Fund was established by Royal Decree No. “M/23” issued on 11 Jumada al-Akhirah 1394 AH, corresponding to July 1, 1974, as a non-profit governmental development entity working to support the housing sector and expand ownership opportunities for citizens.
Various programs to support ownership
The Fund’s system includes the Housing Support Program, which provides financial and funding solutions for beneficiaries, in addition to the Subsidized Financing Program, under which the Fund bears the profits of real estate financing in whole or in part, according to the specified segments and controls.
The fund also provides alternative financing options aimed at expanding the scope of financing and enhancing the ability of banking institutions to provide housing solutions, thus providing citizens with additional options for homeownership.
The proposed solutions include housing support packages that help beneficiaries meet their financing needs related to purchasing or building a home, as part of efforts to facilitate homeownership and enhance the use of support programs.
Read also
The Shura Council calls on the Real Estate Development Fund to develop housing financing solutions.
The Real Estate Development Fund launches the first Home Ownership Readiness Index (HRI).
The Real Estate Development Fund launches "alternative financing" to support homeownership.
