The CEO of NHC Mohammed Al-Bati confirmed that the company aims to double the size of its residential portfolio to exceed 400 billion riyals by 2030, compared to the current level of approximately 200 billion riyals, driven by continued strong demand for residential units, particularly in major Saudi cities.
In an interview with «Al-Sharq Bloomberg,» Al-Bati explained that the company also aims to increase the number of its residential units to about 600,000 by the end of the decade, up from about 300,000 by the end of 2025, as part of its plans to expand the housing supply and support the sector’s targets.
He noted that the Saudi real estate market continues to enjoy strong momentum, driven by both first-time homebuyers and investors, noting that approximately 70% of the buyers in the company’s projects are beneficiaries of first-home programs, while a segment of families remains outside the homeownership market, which reinforces the prospects for continued demand in the coming years.
Regarding the expansion strategy, Al-Bati explained that the company adopts a model based on empowering the private sector, as it directly implements 20% of its projects, while developing another 20% in partnership with international developers, with local companies handling the remaining projects. This reinforces the role of "NHC" as an enabler of the real estate sector alongside its role as a developer, by leveraging land, partnerships, capital, and expertise to increase the housing supply.
Last March, the company announced that the number of its residential units would reach 300,000 by the end of 2025, while the value of its projects exceeded 250 billion riyals, and its cumulative sales reached more than 120 billion riyals.
Al-Bati said that the implementation of the system allowing non-Saudis to own real estate has contributed to creating a new source of demand, noting that the housing demand index rose by 4.3% after the system went into effect. He confirmed that the company intends to announce plans for projects located in areas where non-Saudis are permitted to own property, to capitalize on these new investment opportunities.
The system took effect on January 22, 2026, within a regulatory framework that defines geographic areas, real estate rights, ownership percentages, and regulations governing ownership. The CEO revealed that "NHC" accounts for approximately 60% of the Kingdom’s off-plan sales market, with an average of 71 residential units sold daily, while the company’s share of total real estate transactions in Saudi Arabia reached approximately 20% during 2024 and 2025, before rising to 21% in the first half of 2026, according to data from the General Real Estate Authority.
He added that the company’s annual sales exceeded 25 billion riyals, with continued growth during the first half of this year despite challenges related to geopolitical tensions and rising interest rates, emphasizing that the company is counting on expanding the housing supply, strengthening partnerships with local and international developers, and sustained demand for first homes, along with growing demand resulting from non-Saudi buyers entering the real estate market.
