RIYADH — Minister of Municipalities and Housing and Chairman of the Board of Directors of the Real Estate General Authority Majed Al-Hogail said that homeownership among Saudi families rose from 47 percent in 2016 to more than 66 percent by the end of 2025. He attributed this mainly to the Kingdom’s success in building a smart and balanced real estate system. The minister made the remarks while opening the 5th Real Estate Future Forum (RFF 2026) in Riyadh on Monday. Al-Hogail outlined the Kingdom’s strategy to achieve “real estate balance” and promote stability, efficiency, and fairness in the market. “Implementing the non-Saudi ownership system within a well-defined regulatory framework enhances the real estate market’s attractiveness and ensures its long-term sustainability,” he said. Al-Hogail noted that over 300,000 housing units are planned for Riyadh in the next three years. “More than 300,000 units have already been delivered in 16 cities by the end of 2025, with housing support programs benefiting more than one million people,” he said. The minister said that the Saudi real estate sector is moving forward with confidence toward a new phase of maturity and sustainability, supported by regulatory, financial, and digital reforms that reinforce its role as a key driver of the national economy.
Keep Up to Date with our Weekly Newsletter
