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11.9 billion riyals deposited in the accounts of “Residential” beneficiaries in 2024

Reading time: < 1 Minuteأعلن صندوق التنمية العقارية، اليوم الثلاثاء، عن إيداع 1.11 مليار ريال في حسابات مستفيدي برنامج سكني من وزارة البلديات والإسكان والصندوق العقاري لشهر ديسمبر 2024. ... Read more

The Real Estate Development Fund deposited 1.11 billion riyals to the beneficiaries of "Sakani" in December, completing the support of the housing program through 2024.

24/12/2024

Real Estate Development Fund
Saudi Central Bank

SAMA: 74.28 billion riyals in new residential mortgages for individuals in 11 months

New housing finance fell 36.36% and funded contracts fell 34.67% during January-November 2023.

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January 15 is the date to pay rent for residential contracts through digital channels

KDIPA limits the acceptance of new residential contract payments to digital "Ejar" and gradually eliminates the issuance of receivables.

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New housing projects with millions of square meters of suburbs and hundreds of thousands of units to support 70% ownership by 2030

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Residential program

964 million riyals deposited in the accounts of “Residential” beneficiaries for the month of December

The Real Estate Fund allocated the subsidy to the profits of subsidized financing contracts; total deposits since 2017 are about 55 billion riyals.

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Residential program: More than 90,000 families have lived in their homes since the start of the year

93,622 Saudi families have benefited as of November with immediate support packages in cooperation with the Real Estate Development Fund and financing entities.

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New home sales in the U.S. fell last month

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A call to rehabilitate endowment custodians, modernize instruments, and facilitate financing to restore benefits and protect the rights of beneficiaries

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Real estate articles: Documenting your lease preserves your rights and protects you

The electronic documentation of standardized contracts protects the rights of the lessor, tenant and broker and facilitates litigation and enforcement through the Ejar platform.

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Real estate articles: Suburban development outside of cities and the fiscal and demographic impact

The benefits of peri-urban sprawl on the local economy, housing quality, and reducing dependence on cities

Residential program

93,622 families benefited from the residential program in the first 11 months of 2023

In October, 11,073 families benefited and 8,122 occupied their first homes through various support and financing packages

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32,000 real estate brokers sign more than 108,000 brokerage contracts in 5 months

KDIPA has issued more than 117,000 advertising licenses, licensed 24 platforms, and carried out more than 9,000 monitoring operations.

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