Riyadh – May 25, 2025
Saudi Arabia’s Real Estate Development Fund has launched a new financing mechanism for beneficiaries of the Self-Build and Land and Loan programs who have not completed home construction in over 36 months.
The new system aims to restore housing support and help beneficiaries complete construction in structured phases.
It includes up to six financing disbursements, governed by conditions that ensure project completion and funding continuity, according to the Saudi Press Agency (SPA).
Key Terms of the New Mechanism:
- Self-Build beneficiaries must complete at least 40% of construction to receive the second payment.
- Land and Loan beneficiaries can apply without a completion rate requirement.
- Those who never received the first installment are exempt from updating construction data.
- Housing support is restored retroactively after each disbursement.
The Fund stressed that construction progress updates must be submitted within 12 months after each payment to maintain eligibility for continued support.
This move comes as part of the Kingdom’s efforts to enhance real estate financing, support citizens, and ensure housing readiness in line with Vision 2030.
📌 For official updates, visit:
🔗 SPA – Saudi Press Agency
🔗 Riyadh Reviews
