In the framework of the comprehensive transformation led by Saudi Vision 2030, the housing and real estate sector stands out as one of the main pillars to achieve social stability and promote economic growth, as the development of this sector reflects the progress in empowering Saudi families and improving the quality of life, as stated in the Vision 2025 Annual Report.The housing and real estate sector in the Kingdom is witnessing an accelerated transformation that reflects a clear strategic orientation towards achieving housing stability and increasing ownership rates among citizens, according to the report, which reviewed the most prominent achievements and developments in this vital sector.
Increased housing supply
The report notes that the increasing supply of housing units has contributed to meeting the needs of citizens, enhancing their family and social stability, and giving them wider opportunities to live and work in balanced environments. The report also emphasized the importance of home ownership as one of the main pillars of stability, in addition to its role in promoting belonging and improving the quality of life.
In this context, the report explains that the concerned authorities worked on launching quality initiatives to provide various housing options at affordable prices, supported by easy financing solutions, in addition to developing regulations and legislation that contribute to raising the efficiency of the real estate market and achieving a balance between supply and demand. It also focused on incentivizing real estate developers, providing suitable land for construction, and improving the investment environment, which was reflected in the growth of housing projects and the increase in ownership rates.
Regulatory developments in the real estate sector
The report reviews a series of regulatory developments that the sector has witnessed since 2016, when the Joud Housing platform was launched, followed in 2017 by the establishment of the General Authority for Real Estate and the launch of the Sakani program. In 2018, Wafi was launched to regulate off-plan sales, along with the developmental housing program to achieve Saudi Vision 2030, and Ejar to regulate the real estate market and document contracts.
The report outlines a series of regulatory developments in the sector since 2016.
The report also shows that in 2019 the Sakani platform was launched, and in 2020 the comprehensive strategy for the real estate sector was launched. In 2021, the system of ownership, sorting and management of real estate units was approved, and controls were launched to address the failure of off-plan sales projects. In 2022, the real estate brokerage system and the approval of the real estate registration system were issued, while in 2023, the first version of the Sakani Index was launched, along with the launch of the real estate contributions system.
The report continues to monitor developments in 2024, when the Real Estate Transaction Tax Law was issued and the Developer Service Center (Spc) was launched. As for 2025, it witnessed a wide range of measures, including the issuance of the Non-Saudis Ownership System, the launch of the mechanism to address housing support situations, the launch of the Saudi Real Estate Refinance Company, the directive to lift suspensions for the development of more than 80 plans north of Riyadh, the provision of developed residential lands for citizens in Riyadh, and the approval of provisions regulating the relationship between landlord and tenant in Riyadh.
The report also includes a number of other regulatory measures, including amendments to the white land fee system, directing the monitoring of real estate prices in Riyadh and publishing periodic reports, adopting a unified number for real estate in the national address and linking it to government agencies, as well as issuing the real estate ownership system for non-Saudis and setting its controls. In addition, the electronic service "Empty" was launched to carry out property transfers, impose regulatory limits on the real estate exchange in accordance with the real estate brokerage system, amendments to the real estate registration system, launching the developer support program, launching the Sandbox pilot regulatory environment for real estate technology works, and launching the Developer Services Center (Spc).
Rising Real Estate Finance
On the level of real estate finance, the report highlights the significant growth in the total value of existing mortgage loans to individuals (real estate finance), rising from SR 420 billion in 2020 to more than SR 904 billion in 2025, a growth of more than 85% in five years, with expectations of continued growth supported by the expansion and diversification of financing programs.
The report also points to the significant development in real estate contracts between 2018 and 2025, with contracts for residential products rising from 49,355 contracts to more than one million contracts. Land product contracts increased from 1,100 contracts to 74,022 contracts, while self-build contracts increased from 5,752 contracts to 286,964 contracts. Contracts for ready-made units rose from 42,119 contracts to 534,730 contracts, while off-plan sales contracts grew from 384 contracts to 114,321 contracts.
Rising Household Ownership Rates
Regarding Saudi household ownership, the report shows that the number of households owning their homes increased from 63,416 in 2019 to 167,605 in 2020, 277,967 in 2021, 410,322 in 2022, 584,337 in 2023, 743,553 in 2024, and 851,387 in 2025.The percentage of Saudi households owning housing units also recorded a gradual increase, reaching 47% in 2016, 52% in 2017, 53% in 2018, 60% in 2019 and 2020, then rising to 61.7% in 2021, 64.03% in 2022, 63.74% in 2023, 65.4% in 2024, and reaching 66.2% in 2025.
Saudi households owning housing units in 2021, 2020, and 2024 will reach 66.2% in 2025.
The report confirms that the diversity of housing products, including land, ready-made units, self-build and off-plan sales, along with flexible financing solutions, has enabled a wider segment of citizens to own their own homes, thus enhancing social stability and supporting sustainable development in the real estate sector.<The figures show a clear growth in the number of beneficiaries of housing solutions, reaching more than 98,700 beneficiaries in 2024, before rising to 109,035 beneficiaries in 2025, an indication of the accelerated pace of housing empowerment. The housing-related volunteering sector also witnessed a remarkable expansion, with the number of qualified volunteers rising from 17,800+ in 2021 to more than 342,000 in 2025, with a cumulative total of one million volunteers.
The number of qualified volunteers increased from 17,800+ in 2021 to more than 342,000 in 2025.
In a related context, the contribution of the private sector in supporting the housing system has increased from 207 entities in 2020 to 3,840 in 2025, reflecting the growing partnership between the public and private sectors in driving urban development.
In terms of real estate sector performance, real estate transactions through brokers recorded more than 470,858 transactions during 2025, while the number of rental contracts concluded through the «Ejar» platform reached 3,214,929 contracts in the same year, with an average rental price per square meter recorded at SR 106,046, reflecting market vitality and continued demand.
With regard to the performance of the real estate sector, the average rental price per square meter was recorded at SR 106,046, reflecting the vitality of the market and continued demand.
Innovation is also one of the main drivers of the sector's development. The Sandbox regulatory environment has allowed more than 60 entrepreneurs to develop real estate innovations and 7 startups have been created within a short period of time, in a move that enhances market efficiency and supports digital transformation.
Innovation is also a key driver for the development of the sector.
In terms of urban communities, the Kingdom has witnessed the development of a number of diverse real estate destinations and projects, including the cities of Jeddah and Riyadh, as well as communities such as Al Narjis, Al Fursan and Roshan, as well as vital destinations such as Riyadh Airport and King Abdullah Economic City, reflecting the diversity of housing options and the expansion of the urban area.
With regard to urban communities.
The increasing activity in the real estate sector confirms its pivotal role in supporting the economy, contributing to boosting GDP, creating jobs, attracting investments, and supporting rapid urban development. This activity also reflects the growing demand for residential and commercial projects, in line with the objectives of sustainable development.
With regard to real estate prices, the data indicates that for the first time in 4 years, the quarterly inflation rate in real estate has recorded a decrease on an annual basis in a step that confirms the determination to reach equilibrium, according to the data where real estate inflation recorded 9.01 in 2022, then 3.5 in 2023, 3.6 in 2024, before reaching -0.7 in 2025, which reflects market stability to a large extent.
Real estate inflation is expected to decline for the first time in 4 years, according to the data.
At the level of documentation and registration, the Saudi Land Registry has registered more than 4 million properties and more than 1.2 million pieces of real estate, enhancing transparency and establishing confidence in the real estate market.
The Saudi Real Estate Registry has registered more than 4 million properties, in addition to registering more than 1.2 million pieces of real estate.
