Arab Press

بالشعب و للشعب
Saturday, Aug 02, 2025

Saudi Housing Finance Jumps 11% in H1 2021

Saudi Housing Finance Jumps 11% in H1 2021

The demand for the subsidized residential real estate financing program in Saudi Arabia jumped 11% in H1 2021 at time when the Real Estate Development Fund announced that more than 520,000 families have benefited from the subsidized mortgage loan program since June 2017.
According to data released by the Fund, 103,000 families benefited from the financing and housing options of the “subsidized loan” program during the first six months of 2021.

Real Estate Development Fund CEO Mansour bin Madi explained that the subsidized real estate financing program recorded an increase of 11% during the first half of 2021, with the signing of more than 103,000 financing contracts, compared to 92,000 during the same period in 2020.

The total value of signed contracts exceeded SAR63 billion.

Madi referred to the Fund providing financing and housing options under the subsidized loan program allowing more than 45,000 individuals to benefit from ready-made housing units and more than 33,000 to sign up for self-construction projects.

The program has also given about 12,000 beneficiaries the opportunity to apply for housing units under construction.

Madi indicated that the subsidized real estate financing program recorded more than 520,000 financing contracts from June 2017 until the end of June 2021.

According to the chief executive, this is equivalent to 60% of what has been achieved during the past four decades.

“What has been achieved from the total subsidized financing contracts since its launch in 2017, confirms the confidence of Saudi families in the subsidized loan program,” said Madi in a statement on Wednesday.

The subsidized real estate loan provides a good loan of up to SAR500,000, supported by profits of up to 100%.

This is done through financing and housing solutions that suit the needs and financial capabilities of citizens, and provides several housing options, including self-construction, the purchase of ready-made or under-construction housing units.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Qatar Airways Clears Backlog of Passengers Following Missile Threats
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
×