The Real Estate Development Fund announced yesterday that it deposited the November support in the accounts of beneficiaries amounting to 891 million riyals, allocated to the profits of subsidized mortgage contracts, as part of the continuous efforts to support beneficiaries, to achieve the objectives of the housing program - one of the programs of the Kingdom's vision 2030 - to raise the percentage of residential ownership to 70 percent by 2030.
Mansour bin Madhi, CEO of the Real Estate Fund, said that the total amount deposited in the accounts of the beneficiaries of “Residential” since the announcement of the transformation program in June 2017 until November 2022, is about 42 billion riyals. <Mansour bin Madi, CEO of the Real Estate Fund, explained that the total amount deposited in the accounts of “Residential” beneficiaries since the announcement of the transformation program in June 2017 until November 2022 amounted to about 42.6 billion riyals. Bin Madi pointed out that the diversity of housing support programs and the variety of financing and housing products and solutions within more solutions and options confirms the role of the Fund in facilitating the ownership journey and providing housing and financing solutions in a sustainable manner, noting the Fund's keenness to educate its beneficiaries on the importance of saving, financial planning and benefiting from the real estate advisor service, which is a guide to the ownership journey and provides the best financing and housing solutions adapted to the financial capabilities and actual need for adequate housing.
The Real Estate Fund offers a number of financial and housing solutions that are compatible with the beneficiaries" financial capabilities and their actual need for suitable housing.
The Real Estate Fund provides the services of housing support programs through more than 43 digital services through the Fund's electronic portal, the real estate consultant service in addition to the self-service machines in all its branches 24 hours a day, while the unified call center and social media channels respond to the inquiries and questions of the beneficiaries.
real estate consultant service.
Supporting mortgage contracts
