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The Department of Housing and the Real Estate Development Fund are expected to announce the seventh installment of the residential program with over 25 thousand housing and financing options. The total number announced since the beginning of 2018 will reach 154
The Seventh Slice includes residential units under construction in partnership with developers, free land and subsidized housing loans between the Fund, banks and other financial institutions.
According to data from the Ministry of Housing, Residential "for allocation during the seven installments of the year Al-Jari, the barrier of 54 thousand dwellings (villas and apartments) ready and under construction in partnership with real estate developers , at prices ranging from 250 to 750 thousand riyals.
These units come from the 125,000 units targeted by the program "Residential" To the beneficiaries in accordance with their wishes in the portal of housing support, as well as other housing options and funding allocated by the program per month, including land grants and subsidized mortgages.
Housing units awarded up to the sixth installment were finally announced, accounting for about 36 percent of the total
The Ministry of Housing allocated about 122,242 dwellings in three regions, namely Riyadh, Sharqiya and Mecca over the last 16 years. s months.
The Makkah region accounted for the largest proportion of about 20.7% with 48,811 units The second area of Al-Sharqiya was 14.7% with 34,605 housing units sold on the map.
The Ministry of Housing confirmed that the "Residential" program was eager to focus on the most densely populated and demanding cities on housing options to support the residential sector
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