SDB supports students with new ‘Education Financing’ product

The Social Development Bank. (Supplied)
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Updated 20 July 2025
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SDB supports students with new ‘Education Financing’ product

  • The maximum financing amount available through “Education Financing” is SR100,000 ($26,660), which can be disbursed either in installments or as a lump sum, depending on the nature of the academic program

The Social Development Bank has launched a new product to empower students to pursue their post-secondary education through digital financing solutions. The “Education Financing” product seeks to expand access to knowledge and provide financial support to ambitious students at the diploma, bachelor’s, and master’s levels.
This initiative aligns with SDB’s efforts to enhance integration between educational and financial institutions via a unified digital platform. The platform enables students to submit applications and complete procedures quickly and easily through an integrated process that begins with academic and financial eligibility checks and ends with the direct disbursement of funds to accredited educational institutions.
The maximum financing amount available through “Education Financing” is SR100,000 ($26,660), which can be disbursed either in installments or as a lump sum, depending on the nature of the academic program. The entire financing process is managed electronically, ensuring the highest standards of governance and data integration.
SDB’s dedicated education portal provides a comprehensive digital platform that allows students to apply and enables educational institutions to review applications and verify eligibility. Funds are disbursed directly to these institutions, ensuring that support reaches eligible students and contributes to improving the quality of educational services in line with Saudi Vision 2030.
SDB has signed a strategic agreement with JeelPay — the first fintech company licensed by the Saudi Central Bank to provide education financing — to offer SR50 million in funding for students seeking to continue their academic journey. The agreement supports the “Education Financing” product indirectly through a dedicated financing portfolio aimed at supporting students at the diploma, bachelor’s, and master’s levels using advanced financial technologies.

 


Meraas unveils Dubai Design District residential masterplan

Updated 17 sec ago
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Meraas unveils Dubai Design District residential masterplan

Meraas, a member of Dubai Holding Real Estate, has unveiled an expanded residential masterplan for Dubai Design District, transforming the district into one of Dubai’s most desirable creative-led waterfront neighborhoods. The development will introduce contemporary canal-front living, cultural quarters, public green spaces and walkable urban streets, creating a fully integrated community where global talent can live, work and innovate.

Located between Downtown Dubai and Dubai Creek, the enhanced masterplan spans 18 million square feet of land. Designed and delivered by Meraas, the neighborhood blends residential, cultural, retail and hospitality experiences, reinforcing Dubai’s ambition to strengthen its position as a global center for design, innovation and culture, in line with the Dubai Economic Agenda D33. The residential expansion also responds to increasing market demand, following the strong performance of recent launches and growing interest from both local and international buyers seeking design-led, well-connected waterfront communities.

A defining feature of the new masterplan is the Design Line, a fully shaded, pedestrian-first spine that seamlessly connects the entire district. Activated through public art, creative installations, community spaces and landscaped green corridors, it will support walkable, human-centric living while strengthening d3’s identity as one of Dubai’s most design-forward urban neighborhoods. The masterplan is also targeting LEED Silver community certification, with sustainable mobility, enhanced connectivity, energy-efficient design and integration with natural landscapes, including visual links to Dubai Creek and the Ras Al-Khor Wildlife Sanctuary.

Five distinct areas will shape the character of the new neighborhood. Along the canal, the first will introduce contemporary residences and boutique hospitality set against an activated waterfront promenade. The urban core will unite residential offerings with curated retail and dining, integrated with d3’s established global creative ecosystem. A third area will become the cultural heart of the community, featuring performance venues and mid-rise residences overlooking the d3 Bowl. Another will offer a wellness-focused residential setting defined by parks, sports facilities and a mangrove-inspired landscape. The final area will become a center for creativity, with galleries, studios and loft-style spaces designed to support collaboration, creativity and artistic production.

Khalid Al-Malik, chief executive of Dubai Holding Real Estate, said: “Expanding the Dubai Design District masterplan into a fully integrated creative neighborhood is a significant step in advancing the ambitions of the Dubai Economic Agenda D33. This development strengthens Dubai Design District’s position as a global benchmark for design-focused urban living and reaffirms Dubai’s status as a destination of choice for long-term investment, talent and innovation.”

Momentum around the district continues to accelerate. Meraas’ recent residential releases at d3 have attracted exceptional demand, including the rapid sell-out of Atelis, a 280-unit waterfront tower, and the successful launch of The Edit, a three-tower development offering 557 design-led homes.

With its expanded vision, new residential offering and distinctive creative identity, the enhanced d3 masterplan will establish the district as one of Dubai’s most inspiring and globally relevant neighborhoods — a place where creativity shapes everyday life and where the world’s creative community can truly belong.