{"id":106145,"date":"2026-06-16T08:24:02","date_gmt":"2026-06-16T05:24:02","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=106145"},"modified":"2026-06-16T08:24:04","modified_gmt":"2026-06-16T05:24:04","slug":"%d8%a8%d8%a7%d9%84%d9%81%d9%8a%d8%af%d9%8a%d9%88-%d9%87%d9%84-%d8%aa%d8%aa%d9%85%d9%84%d9%83-%d8%a7%d9%84%d8%a3%d8%b3%d8%b1%d8%a9-%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a%d8%a9-%d9%85%d9%86%d8%b2","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/106145\/","title":{"rendered":"Video | Does a Saudi family buy a house every 5 minutes? The head of the Real Estate Fund answers"},"content":{"rendered":"

The CEO emphasized Real Estate Development Fund<\/a><\/strong> Engineer Luay Al-Nahid said that the figures Homeownership<\/a><\/strong> In the Kingdom, this reflects the actual reality based on families moving into homes they have already taken possession of, clarifying that only those families who have actually taken possession of their residential units are counted toward the homeownership rate, while beneficiaries of \u201coff-plan sales\u201d programs are not counted until they have received their homes from the developers.<\/p>\n\n\n\n

Al-Nahid explained that what is known as the \u201cevery five minutes\u201d is not merely a statistical figure, but rather reflects a real journey for a Saudi family toward stability and building a better future, amid the major transformations taking place in the housing sector as part of the Kingdom\u2019s Vision 2030 goals. He noted that the homeownership rate in the Kingdom rose from approximately 47% in 2016, when the Vision was launched, to exceed 66% by the end of 2025, reaching 66.24%, which reflects the significant progress made in the housing sector.<\/p>\n\n\n\n

He added that this achievement was made possible thanks to the support and guidance of the wise leadership, and under the supervision of the Ministry of Municipalities and Housing, led by His Excellency Minister Majid bin Abdullah Al-Hogail, and in coordination with various entities operating within the housing and mortgage financing system, including developers, banks, and financial institutions.
Al-Nahid revealed that more than 1.8 million Saudi families have benefited from the support programs and solutions offered by the Real Estate Development Fund, noting that approximately every five minutes, a new family begins its journey toward homeownership and housing stability. He noted that the impact of homeownership is not limited to simply owning a property, but extends to promoting family stability, strengthening social ties, and providing a stable environment that contributes to building more stable and cohesive generations.<\/p>\n\n\n\n

He concluded by emphasizing that these \u201cfive minutes\u201d essentially mark the beginning of a new chapter in the life of every Saudi family, a chapter marked by stability, a sense of belonging, and trust, reflecting the qualitative transformation the Kingdom\u2019s housing sector is undergoing toward a more sustainable future and a higher quality of life.<\/p>\n\n\n\n

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Have more than 823,000 Saudi families actually become homeowners?

Engineer Luay Al-Nahid, CEO of the Real Estate Development Fund: The households included in the homeownership rate are those that have actually taken possession of their residential units, while buyers of off-plan properties are not counted until they have received their homes from the developers. https:\/\/t.co\/OYSPM7VZjA<\/a> pic.twitter.com\/fJdUqLfSqK<\/a><\/p>- Al-Ekhbariya - Economy (@alekhbariyaECO) June 14, 2026<\/a><\/blockquote>