{"id":25803,"date":"2019-06-11T20:16:31","date_gmt":"2019-06-11T17:16:31","guid":{"rendered":"https:\/\/www.amlak.net.sa\/home\/?p=25803"},"modified":"2019-06-11T20:16:31","modified_gmt":"2019-06-11T17:16:31","slug":"%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%84-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a-%d9%8a%d8%b5%d9%84-4-%d9%85%d9%84%d9%8a%d8%a7%d8%b1-%d8%b1%d9%8a%d8%a7%d9%84","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/25803\/","title":{"rendered":"\u00a0More than 4 billion riyals deposited in the accounts of \u201csubsidized mortgage\u201d beneficiaries\u201d"},"content":{"rendered":"

Continue Real Estate Development Fund<\/a> The total amount deposited in the accounts of the beneficiaries of subsidized financing and the subsidized housing loan initiative for military personnel amounted to SAR 4.568.7 million since the beginning of the transformation until May 2019<\/p>\n

Ongoing funding support<\/h3>\n

This comes at a time when the Real Estate Development Fund deposited 863.8 million riyals in the accounts of the beneficiaries of the \u201cResidential\u201d program from the Ministry of Housing and the Real Estate Development Fund in May 2019, including 140.3 million riyals in support of the profits of subsidized mortgage contracts, and 723.5 million riyals for the beneficiaries of the military support initiative. The Real Estate Development Fund explained, in a statement, that the total amounts deposited in the accounts of beneficiaries of \u201csubsidized mortgage financing\u201d since the start of the mortgage loan program in June 2017 until May 2019 amounted to about 838.1 million riyals, while the total amount deposited in the accounts of beneficiaries of the \u201csubsidized housing loan for military personnel in service\u201d amounted to about three billion and 730.6 million riyals, provided as a good loan that is repaid after the completion of the repayment of the basic loan.<\/p>\n

First Home Ownership<\/h3>\n

The Fund indicated that the subsidy amounts deposited in the accounts of the beneficiaries confirm the Fund's commitment to support citizens benefiting from subsidized mortgage loans, stressing the keenness to move forward with the beneficiaries in their steps towards owning the first home, as the subsidy amounts are paid at the end of each calendar month, to ensure that the amount arrives before the financing installment is deducted from his bank account.<\/p>\n

For his part, Khaled Al Amoudi, General Supervisor of the Real Estate Development Fund, confirmed that the Fund will continue to deposit the amounts of support in the accounts of the beneficiaries on a monthly basis according to the contracts signed with them, indicating that the Real Estate Development Fund will continue to provide its services to all beneficiaries registered on its lists and provide the necessary facilities for them to accelerate the acquisition of their mortgages and end the Fund's waiting lists before the end of next year, in implementation of the directives of the leadership to provide all means to enable citizens to own the first home and promote the objectives of the housing program, which is to raise the percentage of home ownership by citizens to 60 percent.<\/p>\n

How to get real estate financing<\/h3>\n

Al Amoudi pointed out that the branches of the Real Estate Development Fund continue to serve citizens throughout the week, and they can contact the real estate consultant to provide consultations and provide the necessary support to the beneficiaries, in order to know the mechanism of obtaining real estate financing, and the support that is deposited monthly to the beneficiary. It is noteworthy that the Real Estate Development Fund announced within the previous installments of the \u201cResidential\u201d program, the allocation of more than 285 thousand subsidized mortgage loans to beneficiaries registered in the Fund's lists, and launched many initiatives during the past two years such as the \u201cAcceleration of obtaining a mortgage loan\u201d service without the need to wait, and the design of many solutions in partnership with banks and financial institutions, including buying a ready-made unit from the market, converting existing financing to subsidized, and self-construction, in addition to the Ministry of Housing projects ready or under construction in partnership with qualified real estate developers.<\/p>\n

For more news and reports, please click on the following links:<\/strong><\/h3>\n

\n\n<\/p>\n

Real Estate - Real Estate Finance - Land - Real Estate Finance - Land - Real Estate Finance<\/h3>\n

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Amlak Real Estate Newspaper Issue 173<\/strong><\/a><\/h3>\n

\n\n<\/p>\n

Makkah's Al Aziziyah View auction conglomerate sells the site for the first time for a total value of SAR 385.5 million<\/a><\/strong><\/p>\n

\n\n<\/p>\n

Al-Baradi, Al-Hamoud, Al-Thubaiti and Kanooz Makkah are auctioning off Al-Aziziyah's investment land today<\/a> <\/strong><\/p>\n

\n\n<\/p>\n

Prince of Riyadh inaugurates Al Rajhi Bank tower and praises the quality of its transactions<\/a><\/strong><\/p>\n

\n\n<\/p>\n

\u201cItqan Real Estate reveals its endeavors to provide online auction access\u201d is locked<\/a><\/p>\n

\n\n<\/p>\n

\u201cReal Estate Development Fund: We aim to serve 165,000 citizens annually, and the opportunity is ripe for first home ownership<\/a><\/p>\n

\n\n<\/p>\n

Housing Ministry allocates SAR 3 billion to finance factories in various modern building technologies<\/a><\/strong><\/p>\n

\n\n<\/p>\n

Ministry of Housing and Al Tamimi International to construct 374 housing units in the Eastern Province<\/a><\/strong><\/p>\n

\n\n<\/p>\n

with high international participation. Saudi ILINX 2019 kicks off today in Riyadh and looks ahead to the future of renewable and clean energy<\/a><\/strong><\/p>\n

\n\n<\/p>\n

Al-Baradi, Al-Hamoud and Al-Nuwisher Real Estate Alliance is offering 183 residential plots in Al-Khair neighborhood, north of Riyadh<\/a><\/strong><\/p>\n

\n\n<\/p>\n

Minister of Housing: Moving to the second phase of white land fees comes after completing the measurement of the results of the first phase<\/a><\/strong><\/p>\n

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Off-plan sales program issues foreign real estate marketing license to sell 680 apartments<\/a><\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 3<\/span> Minutes<\/span><\/span>The Real Estate Development Fund continued its efforts to support the beneficiaries of subsidized financing, as the total amounts deposited in the accounts of the beneficiaries of \u201dsubsidized mortgage\u201d and \u201dsubsidized housing loan for military personnel in service\u201d amounted to four billion and 568.7 million riyals, since the beginning of the transformation until May 2019... Read more<\/a><\/p>","protected":false},"author":10,"featured_media":24124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"\u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0639\u0642\u0627\u0631\u064a .. \u00a0\u0625\u064a\u062f\u0627\u0639 \u0623\u0643\u062b\u0631 \u0645\u0646 4 \u0645\u0644\u064a\u0627\u0631\u0627\u062a \u0631\u064a\u0627\u0644\u00a0 \u0641\u064a \u062d\u0633\u0627\u0628\u0627\u062a \u0645\u0633\u062a\u0641\u064a\u062f\u064a \u00ab\u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0627\u0644\u0645\u062f\u0639\u0648\u0645\u00bb","_seopress_titles_desc":"\u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0639\u0642\u0627\u0631\u064a .. \u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629\u00a0\u064a\u0648\u062f\u0639 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