Subsidising real estate loans for beneficiaries and providing loans and guarantees to real estate developers and financing entities.
Introduction
& The Role of REDF
Introduction
The REDF was established by Royal Decree No. M/23 dated 11/06/1394, corresponding to 01/07/1974. It is organizationally linked to the National Development Fund and aims to achieve real estate development in the Kingdom of Saudi Arabia by enabling beneficiaries to own suitable housing.
This is achieved through the provision of financing solutions, programs, and initiatives that keep pace with developmental transformations and growth requirements, contributing to the realization of housing targets and Saudi Vision 2030.
Role of REDF
Providing Support and Financing
Developing Housing Products and Initiatives
Designing and delivering innovative financing programmes and solutions, targeting all segments of citizens with a focus on low to moderate income groups to enable homeownership in cooperation with financing entities.
Forming Partnerships
Establishing partnerships and agreements with public and private sectors and financing entities, to participate in or finance housing projects, in alignment with REDF's objectives.
Supporting the Beneficiary Housing Journey
Providing integrated digital services and certified consultations via the 'Real Estate Advisor' platform, contributing to the facilitation of the digital ownership journey.
Supporting Housing Stability for Beneficiaries
By enabling families to secure suitable housing, which supports socioeconomic growth and positively impacts the quality of life.