Saudi housing approves subsidized loans for market’s ready-made units

Saudi Arabia’s housing ministry has allowed beneficiaries to get subsidized mortgage loans on ready-made residential units directly from the market not just from ministry projects.

The step aims to give citizens more housing options to choose from.

The ready-made units have to meet the regulations of subsidized housing and have to be approved by lenders, whether banks or real estate finance firms, the ministry said.

Beneficiaries can apply online through the ministry’s website: https://rmu.housing.sa