870 thousand beneficiaries of housing support … and 3 new financing solutions

The spokesperson for the Real Estate Development Fund, Saeed Al -Zahrani, revealed that the number of beneficiaries of the housing support program has reached more than 870 thousand beneficiaries from June 2017 until the end of the first quarter of 2025, which strengthens its role as a major axis in the real estate financing market in the Kingdom.

Al -Zahrani explained during a symposium held by “Today’s newspaper” that the fund is the basic pillar of real estate financing in the Kingdom, by developing various programs and financing solutions that support the journey of housing ownership of citizens, in line with the targets of the housing program that emanates from Saudi Arabia’s 2030 vision, aimed at raising the percentage of housing ownership to 70%.

He pointed out that the fund provides 11 financing solutions, including residential support packages of up to 150 thousand riyals, immediate, non -recipient support, in addition to flexible solutions to facilitate obtaining financing from the funded bodies.
Among the most prominent supporting tools is the platform of the real estate advisor, in which more than 1.8 million beneficiaries registered, with more than 7 million financing recommendations until the first quarter of this year.

Governance system to raise the quality of housing units

In the context of raising the efficiency of the real estate market, Al -Zahrani indicated the launch of the “Evaluation” program, which contributed to the governance of financing solutions by issuing more than 1.2 million reports so far, and the team has made more than 1.2 million field visits to evaluate the construction stages and ensure their conformity with standards and specifications.

“Development”: 53 residential projects and 4000 new units

Al -Zahrani talked about the role of the fund in empowering real estate developers through the “Tatweer” program, which enabled 38 real estate development companies to establish 53 housing projects that provided more than 4,000 housing units, distributed in various regions of the Kingdom, which enhances housing supply and serves the needs of the support program beneficiaries.

3 innovative financing solutions in 2024

In light of the challenges related to the high cost of real estate financing, Al -Zahrani revealed that during the year 2024, the fund created 3 new financing solutions. she:

This is with the aim of alleviating the burdens on the beneficiaries, and increasing their ability to own the appropriate housing.

More than 70 billion riyals support until 2025

Al -Zahrani stressed that the beneficiaries of the real estate fund obtained financing support exceeding 70 billion riyals until the end of the first quarter of 2025, which reflects the fund’s continued performance of its developmental and financing role in promoting housing stability and achieving the aspirations of citizens in ownership.