Mazaya Program

Financing from a partner bank where monthly installments are subsidized by the government

One of the initiatives proposed by the Ministry of Housing and Urban Planning in collaboration with the private sector is aimed at providing social housing for citizens who are on waiting lists. The program's concept revolves around eligible citizens purchasing a housing unit through financing obtained from participating banks. The government provides financial support to the citizen, which entails covering the difference between the actual installment value of the specified financing amount determined by the funding bank and the monthly installment amount due from the citizen, not exceeding 25% of the citizen's salary. Citizens have the freedom to choose their housing unit, considering factors such as location, area, or unit components. This choice can be made from projects by real estate development companies approved by the ministry or other units that meet the ministry's technical specifications.

Eligibility Criteria

The applicant must be a Bahraini citizen.

The applicant must be the head of the household.

The age of the applicant must be at least "21" years old and not exceed "35" years old during the application submission and until the funding amount is disbursed.

The monthly income during the application submission and until the funding amount is disbursed must be no less than "600" Bahraini Dinars and no more than "1200" Bahraini Dinars.

The applicant or any member of their family must not have previously benefited from any housing service for the purpose of ownership, whether from the government or any other entity.

The applicant must have permanent residency in the Kingdom of Bahrain, or one of the members of their family.

The applicant or any member of their family must not have owned property in the past 3 years prior to the application submission and until the allocation, except for cases where a family member owns property of less than 100 square meters if subdivided, or less than 200 square meters if owning a share in joint ownership, provided that ownership was inherited.

Financing Mechanism

The program provides a financing amount of up to a maximum of 90,000 Bahraini Dinars.

The applicant is required to make a down payment of 10% of the financing amount to the funding bank.

The housing financing amount is repaid over a period of up to 25 years.

The value of the property must not exceed 120,000 Bahraini Dinars.

Required Documents for Applicants

Salary slip from the employer.

Marriage contract.

Housing Criteria

The applicant can choose an individual housing unit or from the approved list of housing units constructed by accredited real estate developers. The chosen housing unit must meet the following criteria:

It can be a standalone, semi-detached, attached, or apartment-style housing unit.

The housing unit must be suitable for habitation for the next 25 years, as estimated by experts.

The construction of the housing unit must comply with the regulatory requirements for urban development in various areas of the Kingdom of Bahrain.

The housing unit must be habitable from the date of purchase, with necessary utilities including electricity, water, and sewage facilities.

The price of the housing unit must not exceed the value specified by the program, which is 120,000 Bahraini Dinars, unless the management approves a higher value for the unit. In such cases, the beneficiary must take responsibility for paying the difference between the program's specified value and the actual unit value directly to the funding bank.