The Real Estate Development Fund announced that more than 520,000 families have benefited from the mortgage loan program supported since June 2017 until the end of the first half of this year, including 103,000 families who benefited from the financing and housing options for the \u201csupported loan\u201d during this year from January to the end of June 2021.
The CEO of the Real Estate Development Fund, Mansoor bin Maati, explained that the supported real estate financing program recorded an increase of 11 percent during the first half of the current year, with the signing of more than 103,000 financing contracts compared to 92,000 contracts during the same period in 2020, with a total value of more than 63 billion riyals. He pointed out that the Fund\u2019s contribution to supporting the real estate supply through financing options and housing provided by the \u201cSupported Loan\u201d program has enabled more than 45,000 to benefit from the ready-built housing units product, and more than 33,000 from the self-construction product. About 12 thousand beneficiaries benefited from the product and the residential units under construction.
It noted that the supported real estate financing program recorded the signing of more than 520,000 financing contracts during the period from June 2017 to the end of June 2021, which is equivalent to 60% of the total achieved over the past 40 years compared to what was achieved after the transformation in the last four years only. .
The Fund\u2019s CEO said: \u201dThe total amount of financing contracts supported since its launch in 2017 confirms the Saudi families\u201c confidence in the \u201dSupported Loan\u201c program and the supporting programs and initiatives it includes, which have played a positive role in achieving those achievements that came in accordance with multiple and fruitful partnerships with the housing system and the private sector, financing entities and real estate development companies to achieve the goals of the Housing Program \u2013 one of the programs of the Kingdom Vision 2030 \u2013 with the aim of raising the ownership rate to 70% by the end of 2030,\u201d stressing the Fund\u2019s commitment to developing its programs in accordance with the wishes and aspirations. Beneficiaries of the \u201dSkeni\u201d program from the Ministry of Municipal Affairs, Rural Development and Housing and the \u201cReal Estate Fund\u201d to enable them to own suitable housing.
It is reported that the subsidized mortgage loan offers a good loan of up to 500,000 riyals, with a profit rate of up to 100%, through financing and housing solutions tailored to the needs and financial capabilities of citizens. It also offers a number of housing options, including self-construction, the purchase of ready-made or under construction housing units, through more than 18 approved financing agencies. You can visit the electronic portal www.redf.gov.sa to access 43 electronic services, or contact the 199088 call center, or through social media platforms.<\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The Real Estate Development Fund announced that more than 520,000 families have benefited from the subsidized mortgage program from June 2017 through the end of the first half of this year, including 103,000 families who took advantage of the financing and housing options for \u201csubsidized loan\u201d this year, from January through the end of June 2021. Mansour bin \u2026, CEO of the Real Estate Development Fund, explained\u2026 Read more<\/a><\/p>","protected":false},"author":11,"featured_media":32133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"\u0627\u0644\u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u0639\u0642\u0627\u0631\u064a: 520 \u0623\u0644\u0641 \u0623\u0633\u0631\u0629 \u0633\u0639\u0648\u062f\u064a\u0629 \u0627\u0633\u062a\u0641\u0627\u062f\u062a \u0645\u0646 \u0628\u0631\u0646\u0627\u0645\u062c \u0627\u0644\u0642\u0631\u0636 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0627\u0644\u0645\u062f\u0639\u064f\u0648\u0645","_seopress_titles_desc":"%%sitename%% %%title%%","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"amlak_video_sent":"","footnotes":""},"categories":[119],"tags":[],"class_list":["post-32127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-finance"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":""}},"featured_image_urls":{"full":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/08\/948489489498.png",843,504,false],"thumbnail":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/08\/948489489498-150x150.png",150,150,true],"medium":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/08\/948489489498-300x179.png",300,179,true],"medium_large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/08\/948489489498-768x459.png",768,459,true],"large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/08\/948489489498.png",843,504,false],"1536x1536":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/08\/948489489498.png",843,504,false],"2048x2048":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/08\/948489489498.png",843,504,false],"trp-custom-language-flag":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/08\/948489489498.png",18,12,false],"event-thumbnail":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/08\/948489489498-300x200.png",300,200,true],"event-medium":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/08\/948489489498-600x400.png",600,400,true],"event-large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/08\/948489489498.png",843,504,false],"event-hero":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2021\/08\/948489489498.png",843,504,false]},"author_info":{"info":["\u0623\u0645\u0644\u0627\u0643 \u0627\u0644\u0631\u064a\u0627\u0636"]},"category_info":"\u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a<\/a>","tag_info":"\u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/32127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=32127"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/32127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media\/32133"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=32127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=32127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=32127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}