The number of households benefiting from the subsidized mortgage loan options for purchasing “ready-to-move-in units” and ”under construction” units under the Housing Program exceeded 59,000 during the first half of 2021, of which 46,675 households benefited from the subsidized loan to purchase ready-to-move-in housing units, as part of the program’s efforts to facilitate homeownership for citizens and enable them to access diverse housing options and financing solutions that suit their preferences and fit their financial capabilities, with the goal of increasing the homeownership rate to 70% by 2030 as part of the Housing Program’s targets—one of the programs under the Kingdom’s Vision 2030.
This figure is part of the total number of beneficiary households announced by the program during the first half of this year, which exceeded 111,000 households that benefited from various financing solutions and housing options (self-construction, ready-built units, units under construction, and land), of which more than 87,896 families had moved into their homes as of last June, through simple and accessible procedures via the “Sakani” website and app, For more details on housing options, visit https://sakani.housing.sa.
The “Sakani” program offers subsidized loans to its beneficiaries, with the aim of enabling Saudi families to own their first home by providing support for the purchase of housing units of their choice from the program’s projects currently under construction or from ready-to-move-in units, giving beneficiary families the freedom to choose the locations and designs that suit them, at affordable prices and with high quality, in accordance with their needs and preferences, More details about the ready-to-move-in housing units purchase product are available at https://sakani.housing.sa/product/449622.
Through its website and app, “Sakani” offers a range of housing options and services via streamlined electronic procedures with immediate eligibility, including the ability to browse diverse housing options across 101 projects offering approximately 144,000 housing units, as well as 223 residential plans providing 180,537 residential plots, request price quotes, accessing the real estate advisor service, selecting model designs for self-builders, issuing building permits electronically, electronically transferring housing subsidies between spouses, and utilizing the electronic financing service, among other services.