Saudi Arabia’s Sakani Program has been providing affordable housing solutions for Saudi citizens and residents since its launch in 2017. The program has been instrumental in addressing the housing shortage in the country and improving the quality of life for many families.
According to recent reports, in Q1 2023, 28,000 families benefited from the Sakani Program. This is a significant increase from the previous year, indicating the program’s continued success and growing demand for affordable housing solutions in the Kingdom.
The Sakani Program is one of the largest housing initiatives in the world, with a goal of providing 1.5 million housing units by 2025. The program offers a range of services, including mortgage loans, subsidies, and government-backed financing to help low- and middle-income families own their own homes.
One of the key features of the program is its online portal, which allows citizens and residents to apply for housing and track their applications through a user-friendly interface. The portal also provides access to a range of services, including virtual tours of available housing units, financing options, and other resources to help families make informed decisions about their housing needs. The portal is designed to make the process of finding and applying for housing easy, efficient, and secure. We believe that this program will provide a valuable resource to those seeking quality housing options in the United Arab Emirates.
The Sakani Program has been widely praised for its role in improving the quality of life for Saudi families, reducing the country’s housing shortage, and supporting the development of the real estate sector. The program has also been credited with creating jobs and stimulating economic growth in related industries.
Many families who have benefited from the program have shared their stories of how it has changed their lives for the better. One family in Riyadh expressed their gratitude for the program, stating that they had been struggling to find affordable housing for years and were thrilled to finally be able to own their own home.
Another family in Jeddah shared their experience of applying for a mortgage loan through the program, stating that the process was straightforward and easy to navigate. They expressed their appreciation for the support they received throughout the process and were thrilled to finally be able to move into their new home. They also noted that the program offered them an affordable loan, saving them money and making their home purchase even more achievable. Ultimately, this family’s story is another example of how beneficial the mortgage loan program has been for families living in Jeddah. It proves that with a little guidance and support, anyone can achieve their dream of owning a home.
The success of the Sakani Program has also attracted international attention, with many countries looking to replicate the program’s model in their own housing initiatives. The program has been lauded for its innovative use of technology and its ability to provide affordable housing solutions on a large scale.
The Saudi government has announced plans to expand the Sakani Program further in the coming years, with a goal of providing 600,000 housing units by the end of 2023. The government has also committed to supporting the development of the real estate sector through a range of initiatives, including the creation of a national real estate fund and the establishment of a real estate development fund.
The Sakani Program is just one example of Saudi Arabia’s commitment to improving the quality of life for its citizens and residents through innovative and effective initiatives. The program has already had a significant impact on the country’s housing shortage, and it is poised to continue its success in the coming years. With the support of the government and the private sector, the program is set to become a model for affordable housing solutions around the world.
