Mortgage finance contracts provided to beneficiaries of housing support programs jumped by 1,190TP3T during the first and second consecutive day of Cityscape Global.

The Real Estate Development Fund (REDF) reported a growth of 190% in financing contracts provided to beneficiaries of the housing support programs. According to the Real Estate Development Fund, the housing support program and its various financing solutions and benefits in partnership with financing entities recorded a growth of 190% in the financing contracts provided to “Sakani” beneficiaries, while the total value of mortgage financing increased by 225% compared to the same period last month, during the first and second day of the Cityscape Global Exhibition.

During the first and second day of the Cityscape Global Exhibition.

Competitive opportunities at Cityscape

Housing support programs are offering a competitive opportunity on the sidelines of Cityscape to enable beneficiaries to sign financing contracts with financing solutions and benefits, including the lowest financing profit margin of up to 2.59% in addition to the housing support packages that provide immediate non-refundable support up to 150,000 riyals, pointing out that the results achieved in the first and second “Cityscape” in empowering housing support beneficiaries embodies the effectiveness of strategic partnerships with financing bodies and real estate development companies.

The Real Estate Fund clarified the effectiveness of the strategic partnerships with financing bodies and real estate development companies.

The Real Estate Fund explained that the competitive financing offers and exclusive opportunities specially designed for beneficiaries of housing support programs on the sidelines of Cityscape reflect the leading role of the Real Estate Fund in partnership with financing bodies and the movement witnessed by the real estate financing and development sector, which resulted in the diversity of housing products and financing solutions that meet the aspirations of housing support beneficiaries, pointing out that the Fund's interactive pavilion witnessed a turnout of visitors to take advantage of the exclusive financing offers offered at Cityscape.

The Fund's interactive pavilion witnessed a large number of visitors to take advantage of the exclusive financing offers offered at Cityscape exhibition.

It is noteworthy that the Real Estate Development Fund has signed a partnership with the Community Development Housing Corporation “Sakan” to launch the product "Sakan Plus", which provides additional support up to 120 thousand riyals in addition to other financing benefits, including the lowest financing profit margin up to 2.59%.

Real Estate Development Fund.