107,000 families receive housing support in 2024

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The Sakani Program released the third edition of its quarterly newsletter for Q4 2024, highlighting the housing solutions that benefited families throughout the year.

 

According to the quarterly newsletter, approximately 107,000 families benefited from housing solutions over the past year. These solutions included units under construction, self-construction, ready-made units, and MOH Lands, as outlined in the table below:

 

Housing Product

Signed Contracts

Under-Construction Units

27,670 housing units

Self-Construction

16,520 mortgage loans

Ready-Made Units

49,550 ready units

MOH Lands

13,200 plots

 

The newsletter showcased the key achievements of Sakani and the Ministry of Municipal and Rural Affairs and Housing (MOMRAH) by the end of 2024, as presented in the following table:

 

Key Achievements of Sakani and MOMRAH in 2024

Homeownership Rate Among Saudi Families

63.7% (Target: 70% by 2030)

Families Benefiting from Housing Support Services

122,000 families

Most Needy Families Who Acquired Homes

50,000 housing units

Funds Deposited for Sakani Beneficiaries

SAR 11.9 billion

Signed Financing Contracts

107,000 contracts

Subsidized Financing Contracts with a 2.59% Profit Margin for Low-Income Beneficiaries

22,000 contracts

Easy Installment Contracts for Low-Income Families (Earning SAR 3,000 - 7,000 Monthly)

962 contracts

Subsidized Mortgage Loans for Low-Income Beneficiaries

59,000 contracts

Total Achievements Under "Your Installment, Your Support" (Offering Flexible Payment Options for Under-Construction and Self-Construction Units)

2,762

Off-Plan Sales Projects

Licensing and launch of 205,000 housing units, with 60,000 units delivered

Land Plots Available Through Sakani Platform

165,000 plots

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