<The Real Estate Development Fund (REDF) announced the issuance of 500 thousand real estate and technical evaluation reports for beneficiaries of housing support programs and products until the end of the third quarter of this year. The CEO of the Real Estate Development Fund, Mansour bin Madi, said that the total real estate and technical reports covered the period from May 2021, which witnessed the approval of the evaluation, until the end of September 2022, pointing out that the technical evaluation service is provided by the Fund through 416 Saudi engineers, while the real estate evaluation is carried out in cooperation with more than 53 accredited evaluation companies, with more than 800 field inspectors, in partnership with the Saudi Commission for Certified Valuers and the Sustainable Building Program.

He pointed out that the Fund has contributed to raising the ownership rate for beneficiaries through the governance and control of the processes of financing procedures from the evaluation of the property until the signing of the financing contract and following up the construction stages for beneficiaries of the self-build product, in addition to raising the quality of real estate valuation reports by applying the evaluation standards, legislation and regulations of the Saudi Authority for Certified Valuers and reflecting them on the evaluation report model, which contributed to reaching a fair value.

Real estate valuation is carried out in cooperation with 53 accredited valuation companies, with 800 field inspectors, in partnership with the Saudi Authority for Certified Valuers and the Sustainable Construction Program.