Home Loan and Mortgage System in Saudi Arabia – Opportunities Under Vision 2030
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- Abdulrahman Al Harbi
Saudi Arabia’s housing market has undergone a significant transformation under Vision 2030. The government actively promotes home ownership through financial support and subsidized mortgage programs.
Saudi Mortgage System
Most home loans in Saudi Arabia are Shariah-compliant, offered by banks such as:
- Al Rajhi Bank
- Saudi National Bank (SNB)
- Riyad Bank
Government Support Programs
- Reduced interest rates
- First-time buyer incentives
- Long-term financing options
Islamic Financing Methods
- Murabaha
- Ijara
Saudi Arabia’s evolving mortgage market offers strong opportunities for both nationals and long-term residents.
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