In a press release, the Ministry revealed details of the housing options and their geographic distribution. The batch included 8,300 mortgage loans, 9,784 housing units under construction in partnership with real estate developers, and 10,326 plots of land provided free of charge, bringing the total number of housing and financing options announced since the beginning of this year to 182,000, representing 60% of the program’s target for this year, which stands at 300,000 housing and financing options.
The Makkah region topped the list of beneficiaries of the eighth batch with a total of 13,135 housing units, real estate loans, and residential plots, followed by the Jazan region with 4,526 real estate loans and residential plots, then the Al-Qassim region with 3,882 mortgage loans and residential land plots, followed by Riyadh with 2,190 mortgage loans, the Asir region with 1,233 mortgage loans and residential land plots, the Eastern Province with 1,014 real estate loans, Madinah with 706 real estate loans, Tabuk with 481 real estate loans and residential land grants, Najran with 311 real estate loans, Ha’il with 308 real estate loans, the Northern Border Region with 234 real estate loans, Al-Jawf with 228 real estate loans, and Al-Baha with 162 real estate loans.
The CEO of the National Housing Company, Engineer Muhammad bin Saleh Al-Bati, affirmed that the “Sakani” program will continue to provide more housing options for beneficiaries registered on the Ministry of Housing’s waiting lists, noting that the program is continuing its policy of gradually increasing the number of allocations by introducing a wider variety of options to the housing market, with prices ranging from 250,000 to 750,000 riyals, in various sizes and specifications, in an integrated residential environment that includes various service facilities.
He noted that the total number of housing and financing products launched by the Ministry since the start of the second phase of the “Sakani” program—that is, since the beginning of 2018—has reached 182,401, comprising 66,400 mortgage loans, 52,011 residential plots, 2,584 ready-to-move-in housing units, and 61,406 housing units under construction. He emphasized that the Ministry is committed to fulfilling the needs of all beneficiaries, announcing today the option of “self-construction” for beneficiaries registered on its waiting lists, to be added to the existing options (purchasing off-plan housing units, purchasing ready-to-move-in units from the Ministry’s projects, and purchasing ready-to-move-in units from the market).
Al-Bati noted that, during the recent period, the “Sakani” program has continued to deliver a number of ready-to-move-in housing units, as well as free land plots allocated to beneficiaries in previous phases of the program across various cities, governorates, and districts, confirming that handover operations will continue in the coming period. He also noted that showrooms for projects under construction—carried out in partnership with qualified real estate developers—are seeing an increase in reservation rates, and more such projects continue to be launched across various regions of the Kingdom.
Al-Bati also addressed the number of registrants on the online portal for the government’s value-added tax (VAT) exemption on first homes valued at no more than 850,000 riyals, noting that the number of applicants on the site has reached 22,000 citizens, while certificates have begun to be issued to approximately 6,000 of them who met the conditions set forth in the Royal Decree regarding this matter, with figures and indicators pointing to strong demand for home purchases and ownership.
For his part, Khalid Al-Amoudi, General Supervisor of the Real Estate Development Fund, confirmed that this batch of 8,300 real estate loans covered all regions of the Kingdom based on waiting lists, noting the Fund’s commitment to providing appropriate solutions for beneficiaries through a range of services and facilities.
He also addressed the principles of responsible lending to individuals and its positive impact on the Ministry’s beneficiaries, confirming that government support—which is contractually agreed upon with citizens and provided by the Ministry of Housing or the Real Estate Development Fund— included in the customer’s total monthly income for real estate financing products.
Al-Amoudi noted that the Real Estate Fund, through its partnerships with banks and financial institutions, is committed to providing beneficiaries with a full range of options, as they can obtain loans to purchase ready-to-move-in housing units or those under construction, in addition to self-build projects and refinancing of existing loans, thereby serving all categories on the waiting lists and helping to expedite their access to loans.
The Ministry of Housing and the Real Estate Development Fund have urged citizens to visit the “Sakani” program’s website, sakani.housing.sa, to view the names allocated to them for this month, as well as to visit the “Eskan” housing support portal, eskan.gov.sa, and the Real Estate Development Fund’s website, redf.gov.sa, to complete and update their information so they can be served quickly.
The Makkah region topped the list of beneficiaries of the eighth batch with a total of 13,135 housing units, real estate loans, and residential plots, followed by the Jazan region with 4,526 real estate loans and residential plots, then the Al-Qassim region with 3,882 mortgage loans and residential land plots, followed by Riyadh with 2,190 mortgage loans, the Asir region with 1,233 mortgage loans and residential land plots, the Eastern Province with 1,014 real estate loans, Madinah with 706 real estate loans, Tabuk with 481 real estate loans and residential land grants, Najran with 311 real estate loans, Ha’il with 308 real estate loans, the Northern Border Region with 234 real estate loans, Al-Jawf with 228 real estate loans, and Al-Baha with 162 real estate loans.
The CEO of the National Housing Company, Engineer Muhammad bin Saleh Al-Bati, affirmed that the “Sakani” program will continue to provide more housing options for beneficiaries registered on the Ministry of Housing’s waiting lists, noting that the program is continuing its policy of gradually increasing the number of allocations by introducing a wider variety of options to the housing market, with prices ranging from 250,000 to 750,000 riyals, in various sizes and specifications, in an integrated residential environment that includes various service facilities.
He noted that the total number of housing and financing products launched by the Ministry since the start of the second phase of the “Sakani” program—that is, since the beginning of 2018—has reached 182,401, comprising 66,400 mortgage loans, 52,011 residential plots, 2,584 ready-to-move-in housing units, and 61,406 housing units under construction. He emphasized that the Ministry is committed to fulfilling the needs of all beneficiaries, announcing today the option of “self-construction” for beneficiaries registered on its waiting lists, to be added to the existing options (purchasing off-plan housing units, purchasing ready-to-move-in units from the Ministry’s projects, and purchasing ready-to-move-in units from the market).
Al-Bati noted that, during the recent period, the “Sakani” program has continued to deliver a number of ready-to-move-in housing units, as well as free land plots allocated to beneficiaries in previous phases of the program across various cities, governorates, and districts, confirming that handover operations will continue in the coming period. He also noted that showrooms for projects under construction—carried out in partnership with qualified real estate developers—are seeing an increase in reservation rates, and more such projects continue to be launched across various regions of the Kingdom.
Al-Bati also addressed the number of registrants on the online portal for the government’s value-added tax (VAT) exemption on first homes valued at no more than 850,000 riyals, noting that the number of applicants on the site has reached 22,000 citizens, while certificates have begun to be issued to approximately 6,000 of them who met the conditions set forth in the Royal Decree regarding this matter, with figures and indicators pointing to strong demand for home purchases and ownership.
For his part, Khalid Al-Amoudi, General Supervisor of the Real Estate Development Fund, confirmed that this batch of 8,300 real estate loans covered all regions of the Kingdom based on waiting lists, noting the Fund’s commitment to providing appropriate solutions for beneficiaries through a range of services and facilities.
He also addressed the principles of responsible lending to individuals and its positive impact on the Ministry’s beneficiaries, confirming that government support—which is contractually agreed upon with citizens and provided by the Ministry of Housing or the Real Estate Development Fund— included in the customer’s total monthly income for real estate financing products.
Al-Amoudi noted that the Real Estate Fund, through its partnerships with banks and financial institutions, is committed to providing beneficiaries with a full range of options, as they can obtain loans to purchase ready-to-move-in housing units or those under construction, in addition to self-build projects and refinancing of existing loans, thereby serving all categories on the waiting lists and helping to expedite their access to loans.
The Ministry of Housing and the Real Estate Development Fund have urged citizens to visit the “Sakani” program’s website, sakani.housing.sa, to view the names allocated to them for this month, as well as to visit the “Eskan” housing support portal, eskan.gov.sa, and the Real Estate Development Fund’s website, redf.gov.sa, to complete and update their information so they can be served quickly.
