Riyadh: Minister of Municipalities and Housing and Chairman of the Board of Directors of the Real Estate General Authority Majed Al-Hogail highlighted that the Kingdom has succeeded in building a smart and balanced real estate system, helping raise homeownership among Saudi families from 47% in 2016 to more than 66% by the end of 2025.
According to Saudi Press Agency, the remarks came during his address at the opening of the fifth Real Estate Future Forum (RFF 2026), where he outlined the Kingdom’s strategy to achieve ‘real estate balance’ and promote stability, efficiency, and fairness in the market.
He explained that 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.
Al-Hogail noted that over 300,000 housing units are planned for Riyadh in the next three years, adding that 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 concluded 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.