Established by Royal Decree in 1974, the Real Estate Development Fund (REDF) is a Saudi Arabian government financial institution. Its primary mission is to enable Saudi citizens to own their first home by providing subsidized financing programs and housing support solutions. Operating as a key pillar of the Ministry of Municipal and Rural Affairs and Housing and the Kingdom's Vision 2030, REDF collaborates with banks and financing institutions to offer a range of mortgage products, making homeownership more accessible and affordable for the Saudi population.