Saudi Arabia has reported the launch of its new residential development, Naami, in the Dammam region of the kingdom which comes under its Sakani Housing program.
Spread over a 26,000-sq-m zone in the suburb of Al Wajah in Dammam, the undertaking is being an implicit organization with the private area.
It will help 304 residential apartments of different sizes and designs that help the need and the desire of Saudi families with the cost starting from SR309,000 ($82,249) onwards, it was provided in the statement from Sakani. These houses are also being provided in easy monthly installments, it further added.
On its essential area, Sakani said the venture was effectively available from all sides at the western access to the city of Dammam on the Riyadh expressway.
It stretches out over a region of more than 9 million sq m, within an integrated environment that considers the norms of personal satisfaction and gives all wellbeing, instructive and business administrations notwithstanding parks, sports spaces, and sporting focuses to upgrade the personal satisfaction, it added.
Naama among around 30 housing projects under development by Sakani and gave to its recipients in the eastern region, including in excess of 21,840 A sort of housing units containing apartments, villas, and townhouses conveyed between Dammam, Khobar, Qatif, and Al Ahsa at a normal cost of SR600,000, said an organization representative.
“The project is characterized by its typical designs according to the highest standards, with areas ranging from 130 – 190 sq m to the unit, and includes green spaces with urban planning inspired by the culture of the eastern coast,” he added.
According to him, the count of families that have gained from its program until the end of 2020 has gushed to more than 1.1 million, 390,819 families gained from different financing solutions and housing options in the previous year, exceeding the situations owing to the Covid-19 pandemic.
For 2021, Sakani aims to provide 220,000 new families by pumping 50,000 new housing units, and giving 140,000 subsidized real estate loans, he further said.