It provided solutions that included in-kind support on residential units under construction
The “sakani” program in Saudi Arabia announced the launch of the updated housing support program, which comes to meet the needs of the beneficiaries in line with their different financing capabilities and their need to own adequate housing. Especially the need to own.
“Sakani” stated, in a press statement, that the updated housing support program provided various solutions and benefits for the beneficiaries, including immediate non-refundable financial support of up to 150 thousand riyals, in addition to in-kind support on housing units under construction, and the state bears the tax of real estate disposals on behalf of the citizen for the first dwelling, including It does not exceed one million riyals for the value of purchasing the house.
The updated program also provides the beneficiary with supportive programs that enable ownership, such as the Easy Mortgage Program and the Mortgage Guarantees Program, as well as other financing and housing solutions for: the off-plan sale product, the ready-made housing unit product, the self-construction product, in addition to the “Your Land Your Support” product.
He added that the updated support program provided the “design your support” service through the real estate consultant platform, which allows the beneficiary to design his housing support in accordance with his desires and needs for ownership, pointing to the possibility of benefiting from the various solutions and options for the housing support program easily and easily through the “sakani” website and application. The e-mail is part of a list of various options with the aim of achieving the goals of the housing program – one of the Kingdom’s Vision 2030 programs – by raising the percentage of ownership to 70%.
“Sakani” emphasized the continuity of support to enable Saudi families to own adequate housing, through programs and enablers that achieve efficiency and effectiveness of housing support provided to the most needy beneficiaries, and enhance their chances of owning adequate housing in accordance with their actual needs and financing capabilities to facilitate the journey of owning their homes according to easy and affordable procedures. .
It is noteworthy that the “sakani” program has succeeded in serving more than 1.4 million Saudi families at the end of 2022, and reaching the target of residential ownership to more than 60% in 2020 in partnership with the housing system and financing agencies from banks, financing institutions and real estate developers, and it also allows its beneficiaries to have immediate entitlement, reservation and inspection. Residential units and lands, and the real estate advisor service that provides the best 5 various financing and housing recommendations that facilitate the beneficiary’s journey to owning a suitable home.
