The Ministry of Housing has required developers to deliver properties within a maximum period of 3 years from the date the contracts are signed, The ministry confirmed on its Twitter account that only 5 % of the property’s value will be calculated during the off-plan construction period to make it easier for citizens to pay rent in conjunction with their off-plan installment payments.

Meanwhile, the Real Estate Development Fund is hosting the “Ready-to-Move-In Home Expo,” which concludes today, Sunday, and features a number of companies and financing institutions. The Fund aims to serve beneficiaries in Riyadh and Al-Kharj by offering 10,000 housing units, The Fund allocates 8,300 financing products monthly to clear the waiting list of 500,000 citizens.