Saudi's Sakani starts two projects, provides 8,083 housing units
The Obhur Park project will provide 8,000 apartment units, while the Mogan Village project will offer 83 villa units
Saudi Arabia’s Ministry of Housing-led Sakani programme has launched two under-construction housing projects in the Jeddah governorate, in partnership with the private sector, which will provide 8,083 housing units to eligible citizens.
This raises the number of projects under construction to 14 in the Makkah’s Al-Mukarramah region, which will provide a total of approximately 63,000 housing units.
The initiative is in line with kingdom’s vision to help Saudi families find and own homes through simple and affordable electronic procedures, with immediate entitlement without waiting.
The Sakani programme has called on Saudi nationals wishing to own property in the Jeddah governorate to visit the Sakani website; view the details of the units; and book the residential units electronically, or call the unified call centre (199-090) for inquiries about the two projects.
The Obhur Park project – which is located in the northern part of the Jeddah governorate at the intersection of King Saud and Prince Abdullah Al-Faisal Street – will provide 8,000 apartment-type residential units under construction, on a total area exceeding 1,145km2.
The built-up area of the residential units will range from 125m2 to 256m2, with total price of the units starting from $108,000 (SAR406,000) and monthly instalments starting at $360 (SAR1,355).
The Mogan Village project – which is also located in the northern part of Jeddah on a total area of 28,300m2 – will include 83 villa-type residential units under construction, with prices starting from $253,000 (SAR950,160), and monthly instalments starting at $843 (SAR3,167)
The projects will be characterised by the integration of infrastructure and services such as electricity, water, and sewage, as well as sidewalks, lighting, a torrential drainage system, and the availability of services and public facilities.
Saudi Arabia’s Ministry of Housing aims to increase residential ownership among its citizens to 70% by 2030. More than 57 housing projects at various stages of construction are being developed in various regions of the kingdom, according to the state-run Saudi Press Agency.
The Sakani programme provides Saudi nationals with access to residential plots, self-construction residential housing, prefabricated housing units, and under construction housing units, among other options.