The real estate development fund is one of the key programs adopted by the Saudi Ministry of Housing, aiming to achieve the Kingdom’s Vision 2030 and enhance the quality of life. By providing flexible and affordable financing solutions, the Fund empowers citizens to own homes and address economic and social challenges. Below, we will take you on a tour of the registration requirements, how to register, and the most important programs offered through it.

What is the ​Real Estate Development Fund ?

• The Real Estate Development Fund is a program affiliated with the Saudi Ministry of Housing.
• It aims to provide suitable housing options for all citizens without discrimination.
• It is part of the government’s efforts to achieve Saudi Vision 2030 and improve the quality of life.
• a real estate development fund ksa​ helps citizens own homes by providing flexible and affordable financing solutions.
• The Saudi real estate development fund​ was established in cooperation with the Ministry of Housing to facilitate access to housing support.
• The real estate development fund Saudi Arabia plays an important role in stimulating real estate investment domestically and internationally.
• real estate development fund redf​ provides an attractive investment environment through the facilities provided to investors.
• The Fund’s headquarters is located in the capital, Riyadh.
• The Fund has more than 40 branches spread across various cities and regions of the Kingdom.
• The Fund is keen to bring its services closer to citizens and expedite procedures.

Advantages of the Real Estate Development Fund Financing

The Real Estate Development Fund offers a range of benefits that significantly improve the lives of citizens in the Kingdom. Some of the key advantages include:

• Providing Safe and Stable Housing: It helps secure suitable homes for families, enhancing social stability.
• Supporting the National Economy: The fund contributes to boosting the Saudi economy by providing real estate financing and stimulating activities related to construction and real estate development.
• Creating Job Opportunities: It opens up new job opportunities in the real estate sector, helping reduce unemployment rates.
• Improving the Social Status of Citizens: By providing suitable housing, the fund helps elevate the quality of life for individuals and families.
• Supporting Digital Transformation in the Kingdom: The fund is part of the efforts for digital transformation, making its services more accessible through digital platforms, enhancing efficiency and transparency.
• Fighting Poverty: It helps low-income families secure housing, thereby achieving social and economic stability.

Read also: Conditions to Buy Property in Saudi Arabia for Foreigners

Conditions for Applying to the Real Estate Development Fund in 1445

To apply for the Real Estate Development Fund loan and obtain financing, certain conditions must be met. These conditions are as follows:

1. Apply through the official website: The applicant must apply via the official Ministry of Housing website.
2. Submit required documents: All necessary documents must be submitted, and they must be authenticated by the relevant authorities.
3. Age requirement: The applicant must be between 20 and 75 years old.
4. Identity card copy: A valid copy of the applicant’s national ID card must be provided.
5. Guarantees: The applicant must provide guarantees that ensure full repayment of the loan.
6. Proof of ownership: A copy of all the applicant’s properties must be provided.
7. Minimum monthly income: The applicant must have a monthly income of at least 4,000 Saudi Riyals.
8. Nationality: The applicant must be a Saudi citizen.
9. Submit the application form: The applicant must fill out an application form containing basic information such as name, address, job title, and salary, and submit it to the Real Estate Development Fund office.
10. Prepare necessary documents for the loan: All required documents must be prepared to be submitted if the application is approved.
11. Municipality approval: If applying for a specific project, the applicant must provide the municipality’s approval for the project in order to obtain financing.

Check out: ?Real Estate Investment in Saudi Arabia: Why Hiring a Lawyer

How to Register for the Real Estate Development Fund?

If you wish to register for the Real Estate Development Fund, follow these steps:

1. Go to the official website of the Real Estate Development Fund.
2. Use your credentials to log into the official portal.
3. Enter all the necessary details accurately as requested on the form.
4. Finish filling out the remaining required details to complete the registration process.
5. After completing the registration, ensure your account is activated to confirm the process is complete.

Types of Financing from the Real Estate Development Fund

The Real Estate Development Fund offers a variety of financing options to meet the needs of citizens, including:

• Kanaf Financing: Support specifically designed for special categories, such as widows and divorced women.
• Personal Loans: Flexible financing to meet personal needs not related to housing.
• Marriage Loans: Financial support to ease the expenses related to marriage.
• Real Estate Loans: Financing for purchasing or building residential units or for real estate projects.
• Supported Programs: Includes real estate financing programs subsidized by the government to reduce the financial burden of interest on beneficiaries.
• Educational Loans: Financing aimed at supporting higher education and assisting students with their study costs.

Legal Consultations on Real Estate Financing

Etqan Law Firm provides specialized advisory services to citizens who face challenges in real estate procedures or financing through the real estate development fund. These services include:

• Lawyers assist citizens in understanding the application conditions, required documents, and the requirements for obtaining financing.
• In case of any legal disputes between beneficiaries and the fund, the lawyers can provide support and legal guidance.

In conclusion, the real estate development fund represents a cornerstone in the Kingdom of Saudi Arabia’s efforts to achieve sustainable development and improve the standard of living for citizens. By providing the necessary financing and support, the Fund effectively contributes to enhancing social and economic stability and opening new horizons for investment in the real estate sector. The government’s commitment to developing this program reflects an ambitious future vision aimed at building a prosperous and balanced society.

Learn about: What is The Limited Liability Company Saudi Arabia?

The Etqan Al Mutamayza Law Firm can provide the necessary support. You can contact their team

through the following mobile numbers: 056113776, 0541110440, 504315333

Alternatively, you can visit our branches:

• Jeddah: Al-Aziziyah District–Mohammed bin Abdulaziz Street (Tahlia)
• Riyadh: King Abdulaziz Street – In front of Kingdom
• Dammam: Al-Ashri’a Street, Al-Badeea, Dammam 32415.

FAQ