The Real Estate Development Fund in cooperation with the Sakani program offers a range of smart solutions for beneficiaries to help them build their own homes according to the availability of a number of multiple options, including the self-build product, which allows the beneficiary to build the house on private land with financial support from the program.
The self-build product is a step towards the concept of independence and innovation in the housing sector in the Kingdom of Saudi Arabia.
The self-build program is a step towards promoting the concept of independence and innovation in the housing sector in Saudi Arabia. With significant government support and numerous benefits, this product contributes to realizing the dream of owning a customized home that meets the needs and aspirations of Saudi families. However, success in this project requires careful planning and continuous follow-up of all stages of construction, to ensure maximum utilization of the financing and achieve the desired goals.
The program has clarified a number of conditions that must be met by the beneficiaries of the self-build product in order to benefit from the support, which include the following:
- The applicant must be of Saudi nationality.
- Be 25 years of age or older.
- Be a head of household (married or with children).
- Not have benefited from any previous housing support.
- Have a residential land owned in his/her name or in his/her spouse's name.
- Their monthly income does not exceed SAR 14,000.
- The land must be zoned for residential use.
- The land area must be at least 300 square meters and not more than 1000 square meters.
- The land must be free of any structures or buildings.
- The land must be available for construction in accordance with local laws and regulations.
- Sakany also stipulated that the design of the house must comply with the building standards approved by the Ministry of Municipal and Rural Affairs.
- The construction must be carried out by an authorized and qualified contractor. The construction must adhere to the schedule specified in the contract.
