The Ministry of Housing, through the \u201cSakani\u201d program, announced that 40,222 families benefited from the program last November, including 14,575 families who moved into their homes, bringing the total number of families who have benefited from all housing and financing options and solutions offered by the program from the beginning of this year through last November to 248,263, of which 84,968 have moved into their homes, while other beneficiary families opted for units under construction, free land, or self-build options. (Mortgage Financing)<\/p>\n
The program stated in a press release that the total number of housing units under construction that had been reserved by beneficiaries from the beginning of the year through \u201cNovember\u201d reached 35,097, while a number of beneficiaries were granted free land parcels totaling more than 81,000 plots, which exceeds the program\u2019s target of 50,000 free land parcels announced at the beginning of the year, Furthermore, the total number of beneficiaries of the subsidized mortgage option for purchasing a ready-built housing unit during the same period this year reached 85,118, in addition to 46,912 beneficiaries of the subsidized mortgage option for self-construction.<\/p>\n
The program announced the names and national ID numbers of beneficiaries through the Sakani website or by visiting the program\u2019s online platform and mobile app, which also provide full details on the various housing options\u2014including ready-to-move-in units, units under construction, and free land, as well as other services and facilities such as real estate advisors, the \u201cAl-Hasan\u201d supplementary loan for active-duty military personnel, VAT exemption on the first home, housing renovation support, and other services provided by the platform and app, including immediate eligibility and online reservations.<\/p>\n
For his part, Saif bin Salem Al-Suwailem, the official spokesperson for the Ministry of Housing, affirmed that the program continues to offer a variety of options to Saudi beneficiary families through simpler procedures, more choices, and better services, emphasizing that \u201cSakani\u201d continues to provide services to beneficiaries according to their needs, preferences, and financial capabilities, as part of the Ministry\u2019s commitment to accelerating home ownership among citizens and providing them with better service, in line with the Housing Program\u2014one of the Kingdom\u2019s Vision 2030 initiatives \u2014which aims to raise the homeownership rate to 70% by 2030.<\/p>\n
He said: \u201cAs part of \u201dSakani\u2019s\u201d efforts to provide suitable housing options, construction is continuing on 57 housing projects in partnership with real estate developers across various regions of the Kingdom, These projects are characterized by prices that are affordable for a large segment of citizens registered with the Ministry of Housing, ranging from 250,000 to 750,000 riyals, while ensuring high quality and strict adherence to construction milestones and on-time delivery to citizens. These will be followed by additional projects in all regions, offering a variety of housing units\u2014including villas, apartments, and townhouses\u2014within residential communities featuring comprehensive amenities and infrastructure,\u201c He noted that, to facilitate the process for beneficiaries and better serve them, they can contact the unified beneficiary care hotline (199090) to have all their questions answered, as well as the website (sakani.housing.sa) and the \u201dSakani\u201d app for smart devices.<\/p>\n
He noted that the ministry is always committed to finding appropriate solutions for Saudi families to help them acquire a home that suits their needs, noting that the effective partnership with the Saudi Arabian Monetary Authority, banks, and financial institutions has helped facilitate citizens\u201c access to suitable mortgage financing, with the state covering the interest on mortgage loans with support of up to 100% for those whose salaries are less than 14,000 riyals, and reducing the down payment to 5% for beneficiaries of the \u201dSakani\u201d program, with the option of installment payments for residential units currently under construction.
\nIt is worth noting that the Ministry of Housing, through the \u201cSakani\u201d program, seeks to enable Saudi families to own suitable housing from among a variety of options by offering a range of housing and financing solutions, in order to achieve the objectives of the housing program \u2014one of the programs under the Kingdom\u2019s Vision 2030\u2014to raise the homeownership rate to 70% by 2030.<\/p>\n
Editor-in-Chief Abdulaziz Alissa explains the story behind Amlak Real Estate Newspaper's logo<\/a><\/p>\n Aramco officially sets IPO price at SAR 32 per share and offers 3 billion shares to individuals and institutions<\/a><\/p>\n Saudi Real Estate Institute accredits Abdulaziz Al-Essa as a trainer in its training courses<\/a><\/p>\n During a workshop at the Riyadh Chamber Bayan allows querying the financial and legal status of 200 million global companies<\/a><\/p>\n On the fifth anniversary of King Salman's pledge of allegiance, the Ministry of Housing reaps the fruits of success<\/a>\u00a0 <\/span><\/p>\n Ministry of Housing launches \u201cSakany\u201d app and new online platform on smart devices<\/a><\/p>\n Mortgage loans to individuals jump to SR9.2 billion in October<\/a><\/p>\n \u201cSAMA invites interested parties to comment on the draft payments system to enhance transparency<\/a><\/p>\n Riyadh to host the first edition of the International Real Estate Exhibition \u201cips\u201d on December 12<\/a><\/p>\n Saudi British Bank (SABB) provides feedback at Saudi Trade Finance Summit<\/a><\/p>\n Gulf Real Estate REIT secures SAR 300 million financing<\/a><\/p>\n Ease of Doing Business Initiatives grants 9 instant visas to full-time business owners<\/a><\/p>\n The Real Estate Contributions Committee \u201cTasfeeha\u201d recovers 6.6 billion. And disbursed 316 million riyals to shareholders last November<\/a><\/p>\n Minister of Housing\u00a0 <\/span>On the fifth anniversary of the Pledge of Allegiance: Achievements over the past years are an indication of the success of Vision 2030<\/a><\/p>\n Residential program offers more than 14,000 options including free land and residential units<\/a><\/p>\n Ministry of Justice issues directive allowing privileged residency holders to use real estate in Makkah and Madinah<\/a><\/p>\n (Monshaat and Al Ahli Bank sign MoUs to support SMEs<\/a><\/p>\n Agreement between Ruya Real Estate Investment Company and Vida Real Estate to operate Ruwaq Cordoba Mall in Riyadh<\/a><\/p>\n Saudi Engineers Organization signs agreement to enable national cadres to manage major projects Investment projects<\/a><\/p>\n Riyad Bank sponsors events to promote women's entrepreneurship and enhance their position in the economic sector<\/a><\/p>\n The Big5 Building and Construction Expo continues with 240 workshops and roundtables<\/a><\/p>\n Ministry of Housing starts developing Rawdat Al Taawun scheme in Jeddah and provides 661 plots of land<\/a><\/p>\n Royal decree appoints Prince Faisal bin Abdulaziz bin Ayyaf Al Muqrin as Secretary of Riyadh<\/span><\/a><\/p>\n The value of the financial market in (Tadawul) is approaching (2) trillion riyals ... 197 companies listed, and Aramco's offering jumps the Kingdom's markets to the top ten<\/a><\/p>\n Exceeding the 2020 target. More than 36% total operations in the retail sector are done electronically<\/a><\/p>\n Itqan Real Estate and the Endowments Authority organize\u00a0 <\/span>The first rental auction in the Western Region<\/a><\/p>\n Government agencies are instructed not to accept requests for proof of land ownership based on hand status or ordinary documents Reviewing the draft Real Estate Ownership Law<\/a><\/p>\n Real Estate Financing<\/p>\n Saudi Engineers Organization completes automation of temporary contract companies The Saudi Engineers Authority completes the automation of temporary contract companies<\/a><\/p>\n Government Tenders and Procurement Law Regulations take effect on December 1st<\/a><\/p>\n The Gulf Economic Association visits Bahrain and congratulates the Speaker of the House of Representatives Bahrain Chamber President celebrates businessmen and calls for the opening of economic borders between countries<\/a><\/p>\n ","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 4<\/span> Minutes<\/span><\/span>The Ministry of Housing, represented by the \u201cResidential\u201d program, revealed that 40,222 families benefited during last November, including 14,575 families who lived in their homes, bringing the total number of families who benefited from all housing and financing options and solutions provided by the program since the beginning of this year until last November 248,263 families, including 84,968 families who lived in their homes, while other beneficiary families preferred ... Read more<\/a><\/p>","protected":false},"author":10,"featured_media":27585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"\u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a .. "\u0628\u0631\u0646\u0627\u0645\u062c \u0633\u0643\u0646\u064a": 40,222 \u0623\u0633\u0631\u0629 \u0627\u0633\u062a\u0641\u0627\u062f\u062a \u0645\u0646 \u0627\u0644\u062d\u0644\u0648\u0644 \u0627\u0644\u0633\u0643\u0646\u064a\u0629 \u062e\u0644\u0627\u0644 \u0634\u0647\u0631 \u0646\u0648\u0641\u0645\u0628\u0631 \u0627\u0644\u0645\u0627\u0636\u064a","_seopress_titles_desc":"\u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a .. 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Estate Financing<\/h4>\n