24 Hrs
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المصري اليوم
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Housing plans 20,000 units with 25% rent rule
The Saudi Ministry of Housing is preparing to launch 20,000 housing units through rental and ownership systems, aiming to meet the needs of different segments of citizens, especially young people. The plan includes distributing 5,000 units through a lease-to-own system over 20 years, with 5% allocated to Persons of Determination (people with disabilities). Additionally, 15,000 units will be offered through a supported rent system by the Social Housing Fund, with rental prices not exceeding 25% of the beneficiary’s income, while the Fund subsidizes the remaining cost. This program seeks to provide flexible and sustainable housing solutions, ensuring transparency and fairness in distribution, and balancing citizens’ financial burdens with the financial sustainability of housing programs.
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