Real Estate Development Fund today announced the deposit of one billion and four million riyals into the accounts of beneficiaries of “Sakani” program from the Ministry of Municipalities and Housing and the “Real Estate Fund” for the month of August 2024.

Mansour bin Madi, CEO of the Real Estate Fund, explained that the total August subsidy of 1.04 billion riyals was allocated to support the profits of various housing support program contracts; with the aim of helping beneficiaries own suitable housing to achieve the objectives of the Housing Program.

Bin Madhi said: “The Real Estate Fund has been keen to diversify financing solutions; with the aim of alleviating the financial burden and other costs, such as rent or construction costs, to facilitate the journey of beneficiaries of self-build projects and residential units under construction with ease and convenience, emphasizing the importance of beneficiaries of the self-build product and the land and loan product who have completed their financing disbursements to update their completion stages to ensure the continuity of housing support.

It is worth noting that the Real Estate Development Fund provides services for housing support programs electronically through the Fund’s online portal, It has also provided a real estate advisor 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 beneficiaries’ inquiries and questions.