Financing contracts for housing support programs by Real Estate Development Fund recorded a growth of 20% during 2024, due to the diversity of financing solutions and the availability of innovative financing opportunities to serve the actual need and achieve the financing desires to own the appropriate housing.
The CEO of Real Estate Development Fund Mansour bin Madi said that the various housing support programs have enabled 89 thousand beneficiaries.
The CEO of The Real Estate Fund , Mansour bin Madi, explained that the various housing support programs enabled 89 thousand beneficiaries to sign their financing contracts during 2024 with a total value of 62.9 billion riyals compared to 74 thousand beneficiaries in 2023. He said that the diversification of financing solutions and the availability of innovative financing opportunities to serve the actual need and achieve financing desires for home ownership.
He said that the diversification of financing solutions, which amounts to more than 11 financing solutions, contributed to the increase in the number of beneficiaries of housing support programs by 20% in 2024 compared to 2023, stressing the continuation of diversifying financing solutions to enhance ownership opportunities and contribute to improving the ability of beneficiaries to own suitable housing in order to achieve the objectives of the housing program, one of the programs of the Saudi Vision 2030. Bin Madhi added
Bin Madi added that the Real Estate Fund is keen to facilitate the journey of its beneficiaries' ownership of housing by innovating financing solutions and programs and addressing financing challenges, most notably the high cost of real estate financing, noting that the Fund has created financing solutions to these challenges by developing and innovating three new financing solutions during 2024, most notably the financing solution, your support equals your installment, the lowest financing profit margin and the Tamkeen program. Tamkeen program.
It is noteworthy that the Real Estate Development Fund provides the services of housing support programs electronically through the Fund's electronic portal, in addition to the "Real Estate Advisor" service to enable beneficiaries to design their housing support and obtain the best financing and housing recommendations.








