The “Sakani” program announced that the average completion rates for residential projects in Riyadh—specifically for units under construction—have risen to 93% in some projects, while completion rates in some projects reached 100%. A number of beneficiary families have begun receiving their units according to the schedules set by the projects’ real estate developers, as part of the “Sakani” to enable its beneficiary Saudi families to own their first home, with the goal of reaching a homeownership rate of 70% by 2030, in line with the targets of the Housing Program—one of the programs under the Kingdom’s Vision 2030.
“Sakani” explained that the “Amayir Al-Jawhara” project, located in the Al-Jawan suburb north of Riyadh—which is being fully developed by the National Housing Company in partnership with a number of developers —has reached 100% completion and offers 112 housing units. Meanwhile, a number of residential projects currently under construction have recorded completion rates exceeding 93%, including the “Diyar Al-Saad,” which provides 577 residential units, as well as the “Ma’ali Anan” project, which offers 440 residential units, the “Riyadh Housing 1” project, which comprises 168 units, and “Dawaween Al-Jazirah.”
Meanwhile, the completion rate for the “Shams Al-Diyar” project reached 88%; the project comprises 503 villas and townhouses, As for the “Ishraq Living” project, located in the Al-Jawan suburb, the completion rate has reached 80%, with a total of 2,229 units; The Al-Jawan suburb is witnessing massive urban development following the gracious directive from His Royal Highness the Crown Prince—may God protect him—to double the area of the residential suburb to 30 million square meters to accommodate 73,000 housing units.
The Riyadh region is currently seeing the implementation of approximately 24 housing projects spread across the north, west, and east of the city, providing more than 31,000 housing units of varied designs and sizes within a modern residential environment that offers a lifestyle consistent with quality-of-life standards, featuring designsand varied layouts to meet the needs of Saudi families. The residential projects under the Housing Program include areas designated for parks, green spaces, and government, commercial, recreational, and health facilities, to create an attractive environment where the essentials of quality of life are integrated.
It is worth noting that the “Sakani” app and website allow users to reserve and view more than 144,000 housing units across 102 projects in various regions and cities of the Kingdom, in addition to 223 residential plans offering 180,537 residential lots. It also provides a range of housing services through streamlined electronic procedures, including immediate eligibility determination, the issuance of price quotes, access to real estate advisory services, the selection of model architectural designs for self-builders, the electronic issuance of building permits, the electronic transfer of housing subsidies between spouses, electronic financing services, and other services.
