Off-Plan Finance

The first financing solution in the Kingdom for off-plan properties.

Off-Plan Finance

You can now get financing to help you buy a home that’s still under construction. All you need to do is choose your desired home from the developer and we’ll help you buy it through easy installments.

Key features:

  • The first in the Kingdom
  • Shariah-compliant financing through forward Ijara Finance
  • Competitive profit rate
  • Repayment period up to 30 years
  • Financing of up to SR 5,000,000
  • Waiver of the remaining installments in case of death
  • Waiver of the remaining installments in case of complete disability
  • Free Insurance against fires and natural disasters

Eligibility

Are you eligible?

  • A Saudi national
  • A minimum salary of SR 10,000
  • All employment sectors, including pensioners
  • A minimum employment period of 1 year
  • A minimum age of 21 years

Your process:

  • Call us or apply online to check your eligibility and finance details
  • Visit the project sales office to choose your home or to consult our sales representative on site

Off-Plan Projects

Diyar Al Salam Residences

Situated at the heart of Jeddah in Al Salama District, Diyar Al Salam is a residential oasis built on 9,595 square meters with 140 apartments spread over 8 buildings. Amenities include fitness centers, a multi-purpose events room and library, nursery, an 1,866-square-meter sky garden, four reception lobbies and a covered parking garage.

The starting price for apartments is SR 600,000

Click to view map Download Brochure

Frequently Asked Questions

Terms and Conditions apply. Annual Profit Rate (APR) starts from 3.53%. Appraisal fee is 1% or SR 5,000 whichever is lower*. All fees & service charges are available on our website and in our branches. The products advertised in this marketing material are not suitable for customers of age below 21 years.

*5% VAT Applicable.

Call us on 800 124 2525 or visit your nearest Alawwal Bank branch

APPLY NOW

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Alawwal Bank