“Sakani”: 14,000 families benefit from the “ready” and “under construction” options.


The number of Saudi families benefiting from the two subsidized mortgage loan options to purchase ready-made and “under construction” housing units within the “Sakani Program” recorded more than 14,000 families during the months of January and February 2022, as an extension of the program’s efforts to diversify housing options and facilitate family ownership through electronic procedures and immediate entitlement through the application Residential for smart phones.

These numbers come among 31,000 Saudi families. The program announced that they have benefited from the financing solutions and various housing options offered by the program (self-construction, ready-made units, under construction, lands), to enable Saudi families to own adequate housing, with the aim of increasing the ownership rate to 70% by 2030. According to the objectives of the Housing Program – one of the programs of the Kingdom’s Vision 2030 -.

The “sakani” program offers the option of a subsidized real estate loan to its beneficiaries with the aim of enabling Saudi families to own the first home by choosing one of the housing units under construction provided by “sakani” through its website and application within 115 projects that provide about 150 thousand housing units, or by benefiting from the subsidized loan to purchase units It is ready, which gives the beneficiary families the freedom to choose the sites and designs that suit them according to their needs and desires.

The “sakani” website and application reviews 223 housing plans that provide more than 180,000 residential plots distributed in various cities and governorates of the Kingdom and can be inspected and contracts issued electronically, and the selection of “model designs” and “approved contractor” for self-construction beneficiaries and the issuance of building permits electronically, in addition to issuing offers Prices, benefit from the real estate advisor service, the “real estate market”, electronic financing and other services.

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