Saudi's 'Sakani' programme benefits 37,262 families in July 2020
In 2020, Saudi nationals have booked 45,831 housing units under construction; 60,114 residential lands have been delivered
The Saudi Arabia Ministry of Housing’s ‘Sakani’ programme benefited 37,262 families in July 2020, including 10,524 families who moved into their new homes, bringing the total of the families who have benefited from the housing programme during the current year to 224,512 families.
In 2020, Saudi nationals have booked a total of 45,831 housing units under construction, while 60,114 residentials lands have been delivered to Saudi beneficiaries in various cities, governorates, and centres.
In addition, more than 45,485 families have benefited from the programme’s subsidised mortgage for self-construction of homes since the beginning of this year, while more than 73,082 families have benefited from subsidised mortgage options on the purchase of a ready housing unit.
The programme continues to serve Saudi families who wish to own property through the "Sakani" application and website.
Saudi Arabia’s Ministry of Housing aims to increase residential ownership among its citizens to 70% by 2030. More than 58 housing projects at various stages of construction are being developed in various regions of the kingdom.
The programme provides Saudi nationals with access to residential plots, self-construction residential housing, prefabricated housing units, and under construction housing units, among other options.
The Sakani’s digital platforms provide details of the location, features, and prices of the residential units available for immediate and electronic reservation
The programme also offers Saudi citizens who own land the possibility of obtaining a 100% profit-backed real estate loan to build their own homes. It enables Saudi citizens to receive building permits within six months, start constructing within a year, and complete construction of their homes within three years.
During 2020, the Sakani programme aims to serve more than 300,000 families through various housing solutions, by enabling more than 130,000 families to move into new homes, offering Saudi families more than 90,000 plots of residential land, and constructing more than 100,000 housing units in partnership with real estate developers.