Riyadh—Mohammed Jamos: Mr. Mohammed Al-Bati, CEO of the National Housing Company (NHC), the pricing challenges facing the company, while reviewing its future plans and efforts to regulate the real estate market.
During his appearance on the program «In the Spotlight,» hosted by journalist Abdullah Al-Mudayfer, he emphasized that the company seeks to achieve price equilibrium in the market, noting that rising land prices in the Kingdom harm everyone, including real estate developers and buyers, and that achieving price equilibrium encourages developers to offer higher-quality products.
During the program, Al-Bati revealed that 2.7 billion riyals have been allocated to build 109 public schools within NHC projects, with the «Misk» schools in the Khuzam destination set to welcome students starting next school year, He also explained that the company operates in 16 Saudi cities across 26 urban destinations comprising more than 302 diverse projects, drawing on the best global practices and applying a Saudi model that combines efficiency with local identity.
NHC’s competitive prices and offers:
Price difference:
The company’s product prices are 20% or more cheaper than the market average.
Average land price in Riyadh: 1,483 riyals per square meter.
Al-Fursan Villas (250 m²:
Sold for 1.1 million riyals, compared to neighboring prices ranging from 1.5 to 2 million riyals.
Villas in South Riyadh:
Prices range from 500,000 to 700,000 riyals.
Demand and Market Size:
2025 Sales: Saw a notable increase, surpassing last year’s sales.
Future Demand: Exceeds 1.5 million residential units by 2030.
Riyadh’s Share: Accounts for 50% of total future demand.
Expansion and Partnerships:
Operational Scope: The company operates in 16 Saudi cities.
Projects and Destinations: Manages 26 integrated urban destinations.
Operates in more than 302 projects.
International Partnerships: The company has formed partnerships with 8 global developers from China, South Korea, Bahrain, Turkey, Egypt, Spain, and the United States to enhance integration and boost competitiveness.
Khuzam Destination and Facility Development:
Destination Expansion: The «Khuzam» destination has been expanded by approximately 20 million square meters.
Central Park: A massive central park covering an area of 4.5 million square meters and stretching 7.5 kilometers in length will be built.
Commitment to Education
School Budget: 2.7 billion riyals have been allocated to build 109 public schools within the company’s projects.
Misk Schools: They are scheduled to welcome students at the Khuzam destination starting next school year.
Handover Management:
Current delay rate (2024): Decreased to 6.5%.
Target delay rate (next year): Less than 5%.
Average delay duration: Nine and a half months.
