Month: January 2021

Reading time: 2 MinutesInitiatives – An observer of the real estate sector and the related facilities, activities, and industries; finds that it is not merely the buying, selling, and development of buildings and land; rather, it represents the life of an entire community, and activity within it can determine the extent of a country’s development and progress in economic indicators, because every step in the assessment will depend on the fundamental building blocks based on … Read more

Reading time: < 1 MinuteThe Housing Program successfully launched 78 housing projects providing 36,710 residential plots across various cities and governorates in 2020, while the number of contracts signed since the launch of the Housing Program’s residential land option in 2018 through the end of December 2020 reached approximately 123,022 contracts, and the number of projects reached 217 housing projects providing more than 178,000 residential plots, benefiting approximately 123 … Read more

Reading time: 2 MinutesThe program issued 407,000 tax certificates for first homes, and 138,000 Saudi families were able to take possession of their homes last year. The first report of the Housing Program in 2021 revealed the program’s success in achieving its 2020 targetsby enabling 390,819 Saudi families to benefit from housing options and solutions that meet their aspirations and financial capabilities, and by facilitating access to … Read more

Reading time: 2 MinutesLoan contracts under the Subsidized Mortgage Program, offered by the Real Estate Development Fund, have reached a record high, enabling more than 424,000 families to become homeowners across all regions of the Kingdom from the program’s launch in June 2017 through the end of 2020. Mansour bin Madhi, General Supervisor of the Real Estate Development Fund, explained that the total number of households benefiting from the “subsidized loan” … Read more