Real estate finance is the unbeatable activity

Ahmed Mogahed

It is known that the finance sector in the Kingdom is a promising and rapidly growing sector that depends on technology and distinctive competitiveness among financing entities licensed by the Saudi Central Bank and real estate finance is part of the finance sector in the Kingdom and contributes to the financing of real estate units by purchase or mortgage and is characterized by a variety of financing products and multiple target segments.

Here we are talking about three types of financing products. Here we are talking about three parties working in the field of real estate finance, banks, real estate finance companies, digital brokerage companies and all of them are licensed by the Saudi Central Bank and anyone can enter the website of the Central Bank to ensure the reliability of any party, and real estate finance is one of the main pillars to achieve the goal of Vision 2030 to increase the percentage of Saudi ownership of real estate, and those who follow closely the vision programs in the residential sector and the real estate finance sector notice that the target for real estate finance has been exceeded, and the expectation rose to exceed one trillion riyals with the vision.

With the vision. And I personally expect it to reach 5 trillion riyals or more with the vision, and here I recall that in the famous Corona crisis, when the famous time of not going down to work, the work of real estate financing was reviewed due to its dependence on technology, and the presence of people in their homes and the opportunity to apply electronically and submit all documents digitally."