REDF: Mortgages for housing support programs rise 20% in 2024

09/01/2025 Argaam
Logo of theReal Estate Development Fund

Logo of the Real Estate Development Fund

Mortgage contracts for housing support programs by the Real Estate Development Fund (REDF) grew 20% during 2024, CEO Mansour bin Madi said.

 

He explained that the various housing support programs enabled 89,000 beneficiaries to secure mortgages worth a total of SAR 62.9 billion during 2024, compared to about 74,000 beneficiaries in 2023.

 

Madi added that the diversification of financing to more than 11 solutions contributed to the higher number of beneficiaries of housing support programs in 2024.

 

REDF launched several financing solutions in 2024, including “Your installment equals your REDF support”, “lowest financing profit margin”, and “Tamkeen”, bringing the total to 11 solutions.

 

The fund also provided its services through under-construction, prefabricated, or self-construction.

 

Meanwhile, REDF supported the construction of 4,000 housing units with 44 developers in 2024.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.