• Certified by the Sharia Board in the form of Ijarah-Mawsufa-fi-al-Dhimmah (Forward Ijarah).
• Low purchase price
• Financing with a competitive profit margin
• Obtaining housing subsidy
• A guarantee of the implementation risks and delays.
• A guarantee against construction defects and implementation errors, such as electricity and plumbing.
• The possibility of reducing the required down payment by 5% through the down payment reduction program.
• Financing period of up to 25 years.
• All sources of income are taken into consideration.
• DBR up to 70% of the total monthly income.
• Takaful insurance for exemption from the remaining amount of the financing in the event of death or disability (God forbid).
• Free property insurance against fire and natural disasters for the duration of the financing
• Low installment during the Istisna'a period.
• The Projects are under the supervision of the Off-Plan Sales Committee (Wafi)
• The possibility of obtaining a personal loan to finance the down payment

APR starts from 5.19% which includes all fees

All the fees are subjected to 15% Value Added Tax (VAT)

For Examples of declaration tables  click here

• The applicant must be a Saudi national.
• Obtaining the approval of the Real Estate Development Fund / Ministry of Housing.
• Good credit history.
• Minimum applicant age is 18 years and doesn’t exceed 70 years at maturity.
• Work service for at least 6 months for private sector employees, 3 months for semi-governmental sector employees, and without a minimum service for government and military.
• The minimum total monthly income is 3000 riyals.

• Subsidize up to 100% in paying profit of mortgage finance SAR 500,000 maximum.

• A copy of a valid national ID card.
• A salary identification certificate not exceeding one month's issuance date, certified by the Chamber of Commerce (in case the salary is not transferred).
• A Salary transfer letter (in case of salary transfer).
• A bank account statement for the last 3 months showing the deposit of the salary (for the employee), or a bank account statement for the last 6 months (for self-employed).
• A letter of confirmation (in case the salary in the identification certificate differs from the account statement).
• Financial statements for the last two years (for self-employed).
• Social insurance certificate (required in some case where entities are not listed in the bank).
• A copy of the commercial registration (for self-employed).
• A quotation form from the developer
• The unit diagram approved by the developer
• Unit specifications approved by the developer