NHC has achieved National Housing Company NHC has achieved sustainable urban development through its continuous contribution to enhancing the real estate supply in the Kingdom, which led it to be the pivotal force for the housing sector and the largest real estate developer in the Middle East and North Africa by pumping more than 160,000 diverse housing units, which are distributed in its projects in various regions of the Kingdom, and contribute to raising the ownership rate. This is part of its plans and strategies to launch a number of huge housing projects that came to achieve a balance between the increase in demand for housing and the increase in real estate supply to meet this need in a sustainable urban approach.
The IMF report addressed the efforts made to enhance the real estate supply in the Kingdom, stressing that the rate of residential ownership rose to 64%, supported by the diversity of housing and financing solutions provided by real estate companies, including National Housing, which contributed significantly to achieving this rise. The report also praised the satisfaction of citizens with the housing services provided, as the satisfaction rate reached 90%, which reflects the positive impact of the real estate sector development strategies in the Kingdom.
The report also praised the satisfaction of citizens with the housing services provided, as the satisfaction rate reached 90%, reflecting the positive impact of the strategies of developing the real estate sector in the Kingdom. National Housing is leading the real estate event by reshaping the urban landscape of the Kingdom by creating suburbs and integrated communities that provide an ideal living environment, which enhances the diversity of housing options available and increases the real estate supply in the market, these projects are based on the concept of comprehensive development that goes beyond the limits of housing units to build an integrated living system that enhances the concepts of quality of life and raises the living experience to new levels.
In the city of Riyadh, the National Housing Authority is developing the two largest urban suburbs “Khuzam and Al Fursan” in strategic locations with a new vision that will make them new urban and economic fronts in the capital Riyadh, to redirect and redefine the real estate and economic strengths of the capital, as well as the community of Mashreqiya in the east of Riyadh and the community of authenticity in its west, in line with the city's growth and its goal to reach one of the 10 largest economic cities in the world and increase its population.
Riyadh's eastern region has received a large number of projects in line with the city's growth and its goal to reach one of the world's largest economic cities and increase its population.
<The Eastern Province received a variety of projects in its various cities and governorates, where National Housing worked on the development of Al Waha suburb in Dammam and Qamra community in Qatif, offering multiple options for the region's residents with a total number of units exceeding 24 thousand units on an area exceeding 11 million square meters.
The Makkah region witnessed a large share of projects developed by National Housing, including 4 suburbs, namely: Makkah Gate suburb, Al Jawhara suburb, Sadeem suburb, Khayala suburb and Al Sudan community, on an area of more than 17 million square meters to provide more than 33,000 housing units within developed environments that enhance the concepts of quality of life.
The Makkah Gate suburb is one of the first suburbs to be developed by National Housing. Makkah Gate is the latest urban destination recently launched by National Housing in the Makkah region, which embodies the business model based on building communities where residents celebrate life, to be the first urban suburb in the region that bears the Hijazi identity in a vibrant environment with green areas exceeding 730 thousand square meters, amid a number of integrated facilities and services such as schools, mosques, commercial and recreational centers, health and sports centers, and developed infrastructure that allows easy and quick access.
National Housing's latest urban renaissance included the suburbs of Khayala, Al Saddan and Khayala.
The urban renaissance included the Medina area, with National Housing's development of Al Dar suburb and Al Makiman community, where these diverse projects contribute to providing residential options with multiple designs and spaces that meet all needs amid a variety of integrated facilities and services, enhancing the lifestyle of residents.
National Housing continues to provide a wide range of housing options with a variety of designs and spaces that meet all needs, amid a variety of integrated facilities and services, enhancing the lifestyle of residents. National Housing continues its leadership in enhancing the real estate supply, as it aims to launch new projects during the remaining half of 2024, and the company is committed to providing innovative housing solutions that meet the needs of citizens and contribute to raising the quality of life by providing advanced infrastructure; through which it aims to achieve a balance between urban growth and environmental preservation by adopting modern construction techniques and international environmental standards.
National Housing is committed to providing innovative housing solutions that meet the needs of citizens and contribute to raising the quality of life. It is noteworthy that this huge number of projects will contribute to meeting the growing demand for housing and promoting social and economic stability in the Kingdom, in order to contribute to improving the quality of life for all members of society and raising the rate of homeownership to 70% in line with the targets of the housing program, one of the programs of the Kingdom's Vision 2030.
Notably, this huge number of projects will contribute to meeting the growing demand for housing and promoting social and economic stability in the Kingdom.
