Riyadh-Saudi Arabia has built a robust and balanced real estate ecosystem, boosting home ownership from 47% in 2016 to over 66% by 2025, as the Minister of Municipalities and Housing Majid Al Hogail stated, in the coming paragraphs we explain how Saudi homeownership exceeded 66%.
Speaking at the Fifth Future of Real Estate Forum, which is organized by the Ministry of Municipalities and Housing, Al Hogail highlighted that this growth reflects the impact of strategic housing policies and regulatory reforms aimed at creating a stable, efficient and fair real estate market.
He emphasized that the Kingdom’s “real estate balance” strategy has been implemented through precise regulatory tools, producing tangible results within a year of launching its 2025 programs. Among these measures is a system allowing regulated non-Saudi ownership, which enhances the market’s attractiveness while ensuring sustainability.
To mobilize unused land, the White Land and Vacant Property Fees Law has been enforced, with over 60,000 invoices issued since early 2026. Additionally, more than 100 million sqm of ready to develop land are available in Riyadh, contributing to greater supply and balanced market.
Al Hogail also revealed plans to deliver over 300,000 housing units in Riyadh over the next three years, building on 300,000 units delivered across 16 cities by the end of 2025. The number of beneficiaries of housing support programs has now exceeded one million, enhancing both sustainability and diversity in housing solutions.
On the financial front, real estate financing accounts for 27% of Saudi banks’ portfolios. Local sukuk issuance has exceeded SAR 20 billion ($5.3 billion), complemented by $4.5 billion in international issuances and SAR 40 billion in investment from global developers, reflecting strong investors confidence.
The Minister also outlined a diverse housing ecosystem, including rent-to-own partial ownership and real estate coding, which provides flexible options for beneficiaries. He highlighted the Kingdom’s advanced digital real estate ecosystem, featuring 13 platforms serving over 35 million users, with 80% of transactions completed digitally and more than 1.3 million real estate records issued to enhance transparency and operational efficiency.
Regarding real estate coding, Al Hogail explained its seven-stage regulatory journey, including a sandbox involving nine private sector companies, with future phases aimed at fostering a more open and innovative real estate market.
He concluded by affirming that Saudi Arabia’s real estate sector is entering a new era of maturity and sustainability, supported by regulatory, financial and digital reforms that reinforce its role as a key driver of the national economy.
What is the Homeownership Rate in Saudi Arabia?
As of 2025, the homeownership rate in Saudi Arabia is over 66%, up from 47% in 2016, which refers to the direct interaction of the future plans in the urban sector and real estate.
Finally, if you are more interested in the latest news about the real estate in Saudi Arabia, you can check Bayut Blog to immerse yourself in the middle of the properties.
