The Real Estate Development Fund has activated the self-building package for “Sakani” beneficiaries wishing to build their homes, in partnership with First Saudi Bank, with the aim of improving the ability of beneficiaries to cover the costs of the construction stages of their homes to achieve the objectives of the housing program, one of the Kingdom's Vision 2030 programs.

The Real Estate Development Fund explained that the Self-Build Package allows beneficiaries of the "Sakani" product to cover the costs of the construction stages of their homes to achieve the objectives of the housing program. The Fund explained that the self-build package allows self-build beneficiaries wishing to build their homes to provide immediate non-refundable support up to 150 thousand riyals, in addition to other benefits in partnership with financing entities.

As part of the joint efforts to enable “self-build“ beneficiaries to cover the costs of the initial stages of building their homes, the value of the self-build package will be deposited as a single payment to the beneficiary upon signing the financing contract, in addition to raising the percentage of the down payment the beneficiary receives upon signing the financing contract with the financing entity from 10 percent to 25 percent.

It is noteworthy that the Self-Build Fund will provide an immediate non-refundable subsidy of up to SAR 150,000, in addition to other benefits in partnership with the financing entities. It is noteworthy that the Real Estate Development Fund has provided the ”Design Your Support" service through the Real Estate Advisor platform, which allows beneficiaries to choose the appropriate housing product and design their support in accordance with their financing capabilities and their actual need to own the appropriate housing.