Saudi Arabia has handed over more than 900 new housing units within Al Wahda suburbs in Dammam to citizens under its ambitious Sakani housing programme. 

 

These include 649 out of 674 residential units under Nasaj Town project and 286 out of 728 units under Mad project in the Eastern Province.

 

With 90 per cent of the work completed on the remaining units, the project is set for handover as per schedule, said the statement from Sakani.

 

A key real estate initiative, Sakani was launched in 2017 by the Ministry of Housing and the Real Estate Development Fund to support Saudi citizens to own their first home.

 

The Waja suburb, which is spread over a 10 million sq m area, will boast more than 20,000 housing units, that can accommodate 100,000 people. 

 

Strategically located, the project is a 25-minute drive away from a number of vital places in the Eastern Province, including King Fahd International Airport, Dammam Corniche, and King Fahd University of Petroleum and Minerals in Dhahran besides a 15-minute drive to Dammam station.

 

According to Sakani, this comes as an extension of the programme's keenness to continue delivering housing units in partnership with real estate developers according to the specified timetables in order to enable Saudi families to own the first home.

 

It is in line with the objectives of the Housing Programme, a key intitiative of the Kingdom's Vision 2030 - to reach 70% ownership in the next 10 years.

 

"The eastern region was witnessing the implementation of about 34 housing projects that provide more than 22,000 various housing units out of 144,000 housing units distributed in 101 projects provided by "Sakani" to beneficiaries in various regions of the kingdom, in addition to a set of housing options and services within easy electronic procedures with immediate entitlement," said a spokesman from Sakani. 

 

With the possibility of reviewing various housing options, in addition to the 223 housing schemes that provide 180,537 residential plots, Sakani customers get benefit from the real estate advisor service, choosing model designs for self-construction beneficiaries in addition to issuing building licences electronically, electronic assignment of housing support between spouses, electronic financing service and other things.-TradeArabia News Service