Logo of Sakani Program
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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