The Real Estate Development Fund announced today the deposit of 996 million riyals in the accounts of beneficiaries of “Saskani” from the Ministry of Municipalities and Housing and the Real Estate Fund for July 2024.
The CEO of the Real Estate Fund (REF), Mansour bin Madhi, said that the total June subsidy of 996 million riyals was allocated to support the profits of the contracts of the various housing support programs. The CEO of the Real Estate Fund, Mansour bin Madhi, explained that the total June support of SR 996 million was allocated to support the profits of the contracts of the various housing support programs to improve the ability of beneficiaries to own housing in order to achieve the objectives of the housing program.
The CEO of the Real Estate Fund, Mansour bin Madhi, said that the total June support amounted to SR 996 million. <Bin Madi said that the <a href=”https://amlak.net.The Housing Support program provides beneficiaries of the under-construction housing units product with an immediate non-refundable subsidy of up to 150 thousand riyals upon signing the financing contract, and gives the beneficiary the possibility to benefit from the financing solution ”Your support equals your installment", pointing out that the financing solution "Your support equals your installment“ enables the under-construction housing units product beneficiary to choose to own a monthly installment equal to the value of the housing support per month, or the option to benefit from the down payment support package and pay only 400 riyals monthly until receiving the housing unit.
Bin Madi said that the Housing Support Program is a program of the Housing Finance Fund (HFP). It is noteworthy that the Real Estate Development Fund provides the services of the housing support programs electronically through the Fund's electronic portal, and provided the real estate consultant service to enable beneficiaries to design their housing support and obtain the best financing and housing recommendations, while the unified call center 199088 and social media channels respond to the inquiries and questions of the beneficiaries.
