6th batch of Saudi Sakani housing program launched

6th batch of Saudi Sakani housing program launched
The REDF aims to increase the rate of property ownership to 60 percent by 2020 and 70 percent by 2030.
Updated 17 June 2018

6th batch of Saudi Sakani housing program launched

6th batch of Saudi Sakani housing program launched
  • The program aims to give citizens the opportunity to own properties, improve the performance of the real estate sector and increase its production
  • The ministry and the fund urged citizens to visit the sakani.housing.sa portal

JEDDAH: The Housing Ministry and the Real Estate Development Fund (REDF) on Saturday announced the launch of the sixth batch of the Sakani (Housing) program.
The batch’s 23,769 products include housing units under development in partnership with qualified real estate developers; free land; and real estate loans supported by a partnership between the REDF and financial institutions.
The program aims to give citizens the opportunity to own properties, improve the performance of the real estate sector and increase its production.
REDF spokesman Hamoud Al-Osaimi said the fund, in partnership with financial institutions, continues to provide services to beneficiaries whose names were announced during recent batches of Sakani.
Thousands of citizens have completed their applications and been approved for mortgage loans, he added, stressing the fund’s aim to help citizens get housing that suits them.
The ministry and the fund urged citizens to visit the sakani.housing.sa portal for a list of people allocated housing this month, and to visit the portal eskan.gov.sa and the REDF portal redf.gov.sa to complete the necessary procedures, update data and approve products.