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Raymar

You can acquire your residential land through Al-Zahra property, The offer remains valid until all Lands are sold out. (5800 Lands)

Valid to: December 31, 2026

About Offer

With a special offer on Al-Zahra property for 5,800 units and a price per meter starting at 1,490, and sizes perm unit ranging from 400 m to 600 m, this is provided by the bank as one of the financing solutions, you can get your financing with exclusive offers. It's available for beneficiaries of housing support programs as well as non-beneficiaries to own a residential unit.

-Financing Amount: The loan amount approved for the client and recorded in the budget.
-Maturity (Due Date): The contractual maturity date for the financing product, i.e., the final payment date when the principal and all accrued profits are fully repaid.
-Monthly Installment Amount: The amount the client must pay to the bank or financing company each month until the loan is fully settled.
-Market Value of the Property: The price negotiated between a serious buyer and a serious seller in a fair, transparent transaction, after meeting the banks’ appraisal criteria. It cannot be the listing price or the amount of the most recent offer.
-Loan to Value Ratio (LTV): The percentage of the loan amount relative to the property’s market value, as determined by the bank or financing company.
-Repayment Type: Either profit only repayment or a combination of principal and profit, or another agreed method.
-Early Repayment Fee: A fee the client must pay to the financing entity if the loan is repaid early, before the scheduled maturity date.

How to Apply
-Visit the nearest branch.
-Call us at 800 124 1222.
-Contact the bank’s representatives at the project’s sales centre.

Terms and Conditions

  • Available to all customers, both beneficiaries of housing support programs and non beneficiaries.
  • Financing term up to 30 years (25 years for housing support beneficiaries, 30 years for non beneficiaries).
  • Financing can be extended beyond retirement age up to 75 years (or 77 years for retirees).
  • Competitive, fixed profit margin for the entire financing period.
  • Grace period on the principal installment of up to 36 months for supported customers.
  • Option to use the flexible installment feature.
  • Fully compliant with Islamic Sharia principles.
  • Competitive annual profit rate starting from 0%
  • Number of Property’s: 5800
  • The client must be Saudi (or a non Saudi holding a “distinguished” residency permit).
  • The client must be employed by a public sector or private sector entity.
  • Net monthly income must be at least SAR 3,000.
  • Salary transfer is not required.
  • The offer remains valid until all units are sold out.