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Off Plan Product

This product allows buying a property under construction and receiving it after a specified period and at a reduced price. Off-plan sales projects are subject to supervision by "Wafi" * and target beneficiaries of the Ministry of Housing and the Real Estate Development Fund (REDF) only.
This product is available for all creditworthy customers and customers who are supported by Real Estate Development Fund and Ministry of Housing

Product’s features

  • Product approved by the Shariah Committee in the form of Istisnaa & Ijarah Mosofah Bthimah.
  • Financing with a competitive and fixed profit rate for the whole term.
  • Choosing any type of property: villa/ duplex/ townhouse.
  • Financing amount up to SR 5 million.
  • Financing term up to 25 years.
  • Financing to own the first home only.
  • Step down payments on retirement- the customer will have a reduced installment after retirement in accordance with the pension.
  • Exemption from remaining repayments in case of death or permanent disability.

Eligibility criteria

  • The customer must be at least 20 years old.
  • Open a current account if he does not have one.
  • The customer's monthly net income shall not be less than SAR 5,000.

Required documents

To better serve you, kindly provide the following documents to complete your applications:
  • A price offer from the developer.
  • Fill in and sign a mortgage application.
  • A detailed salary certificate mentioning the allowances (if any).
  • A copy of a valid ID.
  • Pay slip of the last three months if the customer works for a semi- government or private sector.
  • Account statement for the last three months indicating the receipt of the salary.

Apply now


Example: Disclosure of the cost rates of a 15-year mortgage for the first home
Early payment Charge Monthly Repayment Amount Payment Type Maturity Years *APR Fixed or Variable Rate Loan to Value Ratio Property Market Value
3 Months Profit 6,394 SAR Principal and Profit 15 years 6.81% Fixed Rate 90% 800,000


* APR may differ depending on the amount and the maturity period different from the above example and subject to credit scoring of each customer

The bank offers a range of distinctive projects for Off Plan in various regions of the Kingdom in line with the customer's wishes and in flexible installments that meet your needs.

Project Name City Unit Type Number of Units Monthly Instalment after subsidy (start from) Project's Information
Murcia Riyadh Apartment - Town House 5,590 1,666 sakani.housing.sa
Alzamel House Villa 155 2,118 sakani.housing.sa
Sarya Alnarjis Apartment - Town House 1,984 1,045 sakani.housing.sa
Saraya Aljwan Town House 936 2,565 sakani.housing.sa
Diar Alssad Town House 577 1,953 sakani.housing.sa
Alnrjis View Villa - Town House 728 2,699 sakani.housing.sa
East Gate Villa 3,665 2,327 sakani.housing.sa
Ishraq Living Villa 2,229 2,062 sakani.housing.sa
Nessaj Town House Villa 690 2,786 sakani.housing.sa
Almuhndia Villa 628 2,500 sakani.housing.sa
Alrabia Villa 670 2,791 sakani.housing.sa
Maskan Haites Villa - Town House 292 3,300 sakani.housing.sa
Eskan Alriyadh1 Apartment 168 1,370 sakani.housing.sa
Jwhart Alsahab Apartment 171 1,080 sakani.housing.sa
Aldahia Villa 557 3,427 sakani.housing.sa
Nissaj Town 1 Dammam Villa - Town House 674 1,769 sakani.housing.sa
Nissaj Town 2 Villa 1,653 2,136 sakani.housing.sa
Sadeen Town House Town House 997 1,700 sakani.housing.sa
Maad Town House 728 1,956 sakani.housing.sa
Alfrida Apartment 1,396 832 sakani.housing.sa
Alqatief House Qatif Town House 942 1,789 sakani.housing.sa
Diar Alhassa Alahssa Villa - Town House 2,945 1,650 sakani.housing.sa
Altahlia Gate Jeddah Apartment 1,912 1,344 sakani.housing.sa
Aljohra Ressudenss Apartment 990 1,628 sakani.housing.sa
Kayala AlMuhanadiyah Villa 317 3,190 sakani.housing.sa
Rwabi Alhijaz Apartment 21,302 1,513 sakani.housing.sa
SAMA Jeddah Apartment 858 1,339 sakani.housing.sa
Dar Smou Villa - Town House 412 3,028 sakani.housing.sa
Alworrod City Taif Villa 4,775 1,665 sakani.housing.sa
Taj Almaseef Villa 556 2,727 sakani.housing.sa
Alkamees View Khmis Mushit Villa 1,988 2,066 sakani.housing.sa
Wahat Alkhmais Villa - Town House 1,041 1,799 sakani.housing.sa
Jadat Alskab Almadinah Almunawara Villa - Apartment 2,364 2,375 sakani.housing.sa
Dra Almadina 1 Apartment 694 925 sakani.housing.sa
Dra Almadina 2 Apartment 1,877 1,275 sakani.housing.sa
Dana Albahar Alkhobar Villa 81 3,284 sakani.housing.sa
Basteen Tabuk Tabuk Town House 812 1,685 sakani.housing.sa
Roaasan Yanbu Town House - Apartment 656 292 sakani.housing.sa

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