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صدى البلد
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Rent-to-own housing: booking details
The Council of Ministers approved the launch of 5,000 housing units through a lease-to-own system, aimed at facilitating citizens' ownership of their homes via a program that combines leasing and ownership. The conditions include setting income limits and eligible categories, as well as organizing mechanisms for paying the rental value and the maintenance deposit. Regulations have also been established regarding the possibility of canceling the allocation and handling cases of death. The system's goal is to provide an housing option that allows beneficiaries to occupy the unit while gradually paying the amount until ownership is achieved, with clear rules for installment payments, procedures for termination, and allocation.
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