RIYADH — Minister of Municipalities and Housing and Chairman of the Board of Administrators of the Actual Property Basic Authority Majed Al-Hogail mentioned that homeownership amongst Saudi households rose from 47 % in 2016 to greater than 66 % by the tip of 2025. He attributed this primarily to the Kingdom’s success in constructing a sensible and balanced actual property system.
The minister made the remarks whereas opening the fifth Actual Property Future Discussion board (RFF 2026) in Riyadh on Monday. Al-Hogail outlined the Kingdom’s technique to attain “actual property steadiness” and promote stability, effectivity, and equity out there. “Implementing the non-Saudi possession system inside a well-defined regulatory framework enhances the actual property market’s attractiveness and ensures its long-term sustainability,” he mentioned.
Associated Article
Business ministry launches eight environmental actions to spice up inexperienced funding
Al-Hogail famous that over 300,000 housing models are deliberate for Riyadh within the subsequent three years. “Greater than 300,000 models have already been delivered in 16 cities by the tip of 2025, with housing assist applications benefiting a couple of million folks,” he mentioned.
The minister mentioned that the Saudi actual property sector is transferring ahead with confidence towards a brand new part of maturity and sustainability, supported by regulatory, monetary, and digital reforms that reinforce its function as a key driver of the nationwide financial system.
