“Sakani” program releases July report and announces the benefit of 14,079 new Saudi families

Residential Real Estate Dubai

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The “Sakany” program released its July report, including the highlights of its achievements until the end of June 2022, and a set of data and statistics on construction updates in projects, beneficiary families, and the number of real estate transaction certificates.

The report also highlighted that 14,079 Saudi families benefited during the month of June, while the number of families who lived in their first home last month reached 15,637 Saudi families, as part of the program's continuous efforts to enable Saudi families to own their first home, in order to achieve the goals of the Housing Program (one of the programs of Saudi Vision 2030) to reach 70% ownership rate by 2030.

<In its monthly report, Sakani issued 692,835 certificates in the real estate transaction tax for the first home until the end of June 2022, as part of the program's efforts to achieve the targets of the Housing Program (one of the programs of the Kingdom's Vision 2030) to raise the percentage of home ownership for Saudi families to 70% by 2030, noting that 80,259 Saudi families benefited from all housing options and financing solutions provided by the program electronically for its beneficiaries within easy and facilitated procedures since the beginning of the year until the end of last June. The number of families who have lived in their first home reached 95,308 Saudi families. The report also highlighted construction updates in residential projects implemented in partnership with real estate developers and supervised by the Wafi off-plan sale or lease program, which are characterized by integrated infrastructure and competitive prices.

<The report reviewed the housing and financing solutions offered by the program, including the new optional housing support packages launched last month, namely: (Advance Subsidy Package, Rent Package, Furniture Package, Self-Build Package, Home Renovation Package), as the new packages give the beneficiary flexible and multiple solutions by providing immediate non-refundable support to beneficiaries of ready-made, under construction and self-construction housing units, in partnership with the Real Estate Development Fund and financing entities from banks, financing institutions and real estate developers. He pointed out that it comes from the belief of “Sakani” in the continuity of housing support and the importance of the diversity of financing and housing options to accelerate the pace of ownership of Saudi families of their homes, and can be obtained easily and easily through the website and application of “Sakani” within a list of various options, with the aim of facilitating citizens“ ownership of homes in accordance with their needs and financial capabilities.