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Shura Urges Innovative Housing Finance
The Shura Council called for developing innovative financing solutions for homeownership to enhance citizens' ability to own homes and reduce reliance on traditional financing. The council also urged support for real estate institutions and the promotion of partnerships between the public and private sectors to increase the supply of housing units and facilitate access to them. The goal of this guidance is to address the challenges of the housing market and achieve sustainability in mortgage financing, with an emphasis on improving quality standards and increasing the sector's efficiency.
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