Saudi ministry opens 25,000 housing units for reservation
The under-construction units in the 12 residential projects cost between $66,600 (SAR250,000) and $200,000 (SAR750,000)
Saudi Arabia’s Ministry of Housing has announced that 25,000 under-construction housing units, distributed as part of 12 projects, are now available for reservations.
The initiative is in line with the ministry’s integrated services in the northern and southern regions of the capital city of Riyadh, which are being implemented by qualified real estate developers.
According to the state-run Saudi Press Agency, Saudi citizens can benefit from the initiative by electronically selecting and inspecting the unit’s on the Sakani website, or by visiting a comprehensive residential centre, which permits beneficiaries to complete all procedures from choosing the unit to signing the contract.
The average premium or monthly fee for these units is approximately $400 (SAR1500) riyals, while the prices of the units range from $66,600 (SAR250,000) to $200,000 (SAR750,000).
The under-construction housing units in the 12 residential projects include apartments, villas, and townhouses, with varying designs and prices.
The projects will also provide a residential environment, including cultural, recreational, and sports facilities.