The Real Estate Development Fund announced the launch of a new communication campaign entitled “The House of a Lifetime”, in cooperation with NHC and the Saudi National Bank, with the aim of enabling Saudi families to own their first home through a range of innovative financing and housing solutions and quality projects under construction, with a competitive profit margin provided by the National Bank.
The Fund explained that this campaign comes within the framework of strengthening strategic partnerships with financing and development entities, to provide flexible and integrated solutions that take into account the needs of different categories of beneficiaries, and facilitate the steps of ownership through easy financing paths. The Fund explained that this campaign comes within the framework of strengthening strategic partnerships with financing and development entities to provide flexible and integrated solutions that take into account the needs of different categories of beneficiaries and facilitate the steps of ownership through easy financing paths.
The Fund explained that this campaign comes within the framework of strengthening strategic partnerships with financing and development entities to provide flexible and integrated solutions that take into account the needs of different categories of beneficiaries.
Value of Lifetime Home support
These solutions include an immediate non-refundable down payment subsidy of up to SAR 150,000, the "Your Support Equals Your Installment" program, in-kind support, and a variety of options that meet the housing aspirations of citizens.H4>H4H4.
Kingdom Vision 2030 programs
The campaign falls within the objectives of the Housing Program, one of the Kingdom Vision 2030 programs, which aims to raise the homeownership rate to 70% by 2030, by facilitating access to appropriate housing finance and promoting stability in the real estate market.
Housing Program
Home of a Lifetime installments
The tripartite cooperation allows beneficiaries of residential units under construction to benefit from flexible monthly installments starting from 1499 riyals, within easy procedures that start with registration through Sakani platform, through eligibility, then choosing the appropriate unit, and ending with signing the ownership contract.
The Real Estate Fund also pointed out that the offer includes a competitive profit margin of 2.99% for a limited period, which contributes to reducing financing burdens and achieving financial stability for beneficiaries, in addition to promoting a sustainable financing environment.
