{"id":88243,"date":"2025-11-17T14:47:59","date_gmt":"2025-11-17T11:47:59","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=88243"},"modified":"2025-11-17T14:47:59","modified_gmt":"2025-11-17T11:47:59","slug":"%d8%a7%d9%84%d8%ad%d9%82%d9%8a%d9%84-%d9%81%d9%8a-%d8%a7%d9%81%d8%aa%d8%aa%d8%a7%d8%ad-%d9%85%d8%b9%d8%b1%d8%b6-%d8%b3%d9%8a%d8%aa%d9%8a-%d8%b3%d9%83%d9%8a%d8%a8-%d8%a7%d9%84%d9%85%d8%af%d9%86-%d8%a7","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/88243\/","title":{"rendered":"Al-Haqeel at the opening of Cityscape: Major cities need 1.5 million housing units by 2030"},"content":{"rendered":"<p>In his opening remarks during the <strong><a href=\"https:\/\/cityscapeglobal.com\/ar\">Cityscape Global 2025<\/a><\/strong>His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, stressed that the exhibition represents a vital national and international platform that embodies the spirit of the Kingdom's Vision 2030 and puts the human being at the heart of urban planning.<\/p>\n<p>Al-Hogail pointed out that the Saudi real estate sector has become one of the main pillars of the national economy and an important tributary for sustainable development, with real estate, construction and building activities contributing to boosting the economy, accounting for 13.8% of GDP until the second quarter of 2025.<\/p>\n<p>In light of these factors, the Kingdom continues to make tangible progress in this sector, he added, emphasizing that major cities need 1.5 million housing units by 2030, with demand growing particularly in the capital Riyadh, which accounts for 46% of the total demand.<\/p>\n<p>He also noted that Riyadh is one of the most prominent areas witnessing remarkable expansion, with the city's expansion plans including about 731,000 housing units until 2030.<\/p>\n<p>In the context of the development of the Saudi real estate market, Al-Hogail explained that the Kingdom has become one of the largest urban development markets globally, making it an attractive destination for international real estate developers. He also predicted that the first days of the exhibition will witness the signing of huge real estate agreements and deals worth more than 161.2 billion riyals.<\/p>\n<p>Al-Haqeel also touched on some positive economic indicators in the real estate sector, confirming that the volume of real estate loans to individuals and companies amounted to 961 billion riyals as of the second quarter of 2025. He also explained that the percentage of Saudi home ownership exceeded 65% until the end of 2024, while foreign investment flows in real estate and construction witnessed a remarkable increase of 15.27% of the total flows in 2024.<\/p>\n<p>His Excellency pointed to the legal and economic updates that support sustainable growth in the real estate market, most notably the amendment of the foreign ownership system, which enhances confidence and opens the door to quality investments, in addition to the launch of three new regulatory indicators to monitor the market, namely: Price inflation, rent-to-income ratio, and vacancy rate. He also emphasized that market readings in major cities such as Jeddah, Dammam and Makkah do not call for new measures on land fees or rent controls in the short and medium term.<\/p>\n<p>Al-Hgeel spoke about the major digital transformation that the real estate sector is witnessing in the Kingdom, focusing on the use of modern technologies such as artificial intelligence, modern construction, and augmented reality. He announced the launch of the world's first coding standards to convert real estate properties into digital codes, an important step in facilitating real estate trading and achieving transparency.<\/p>\n<p>He also revealed other achievements in this field, such as the completion of the first tokenization and trading of a title deed between the National Housing Company (NHC) and investors under the supervision of the General Real Estate Authority, stressing that this step will increase the liquidity of the market and expand the investor base. He explained that the Kingdom is one of the first countries to legalize the real estate sector regulations within a digital standard to convert properties into tokenized assets, which contributes to linking real estate properties to official records in an encrypted manner.<\/p>\n<p>In conclusion, Al-Haqeel noted that \u201c<strong><a href=\"https:\/\/amlak.net.sa\/en\/88198\/\">Cityscape<\/a><\/strong>\u201dToday, it has become the real estate season in the Kingdom and the region, a platform that brings together developers and investors and contributes to the development of the urban landscape in the Kingdom. He also emphasized that the Kingdom continues to build an urban future based on innovation, efficiency and sustainability, within a framework of digital transformation that will strengthen its position as a leader in the real estate sector globally.<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">Minutes<\/span><\/span>\u0641\u064a \u0643\u0644\u0645\u062a\u0647 \u0627\u0644\u0627\u0641\u062a\u062a\u0627\u062d\u064a\u0629 \u062e\u0644\u0627\u0644 \u0641\u0639\u0627\u0644\u064a\u0627\u062a \u0645\u0639\u0631\u0636 \u0633\u064a\u062a\u064a \u0633\u0643\u064a\u0628 \u0627\u0644\u0639\u0627\u0644\u0645\u064a 2025\u060c \u0623\u0643\u062f \u0645\u0639\u0627\u0644\u064a \u0648\u0632\u064a\u0631 \u0627\u0644\u0628\u0644\u062f\u064a\u0627\u062a \u0648\u0627\u0644\u0625\u0633\u0643\u0627\u0646\u060c \u0627\u0644\u0623\u0633\u062a\u0627\u0630 \u0645\u0627\u062c\u062f \u0628\u0646 \u0639\u0628\u062f\u0627\u0644\u0644\u0647 \u0627\u0644\u062d\u0642\u064a\u0644\u060c \u0623\u0646 \u0627\u0644\u0645\u0639\u0631\u0636 \u064a\u0645\u062b\u0644 \u0645\u0646\u0635\u0629 \u0648\u0637\u0646\u064a\u0629 \u0648\u0639\u0627\u0644\u0645\u064a\u0629 \u062d\u064a\u0648\u064a\u0629\u060c \u062a\u062c\u0633\u062f \u0631\u0648\u062d \u0631\u0624\u064a\u0629 \u0627\u0644\u0645\u0645\u0644\u0643\u0629 2030 \u0648\u062a\u0636\u0639 \u0627\u0644\u0625\u0646\u0633\u0627\u0646 \u0641\u064a \u0642\u0644\u0628 \u0627\u0644\u062a\u062e\u0637\u064a\u0637 \u0627\u0644\u062d\u0636\u0631\u064a. \u0648\u0623\u0634\u0627\u0631 \u0627\u0644\u062d\u0642\u064a\u0644 \u0625\u0644\u0649 \u0623\u0646 \u0627\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0627\u0644\u0633\u0639\u0648\u062f\u064a \u0623\u0635\u0628\u062d \u0623\u062d\u062f \u0627\u0644\u0623\u0639\u0645\u062f\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0644\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0648\u0637\u0646\u064a \u0648\u0631\u0627\u0641\u062f\u064b\u0627 \u0645\u0647\u0645\u064b\u0627 \u0644\u0644\u062a\u0646\u0645\u064a\u0629 \u0627\u0644\u0645\u0633\u062a\u062f\u0627\u0645\u0629\u060c &#8230; <a title=\"Al-Haqeel at the opening of Cityscape: Major cities need 1.5 million housing units by 2030\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/88243\/\" aria-label=\"Read more about \u0627\u0644\u062d\u0642\u064a\u0644 \u0641\u064a \u0627\u0641\u062a\u062a\u0627\u062d \u0645\u0639\u0631\u0636 \u0633\u064a\u062a\u064a \u0633\u0643\u064a\u0628: \u0627\u0644\u0645\u062f\u0646 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u062a\u062d\u062a\u0627\u062c \u0625\u0644\u0649 1.5 \u0645\u0644\u064a\u0648\u0646 \u0648\u062d\u062f\u0629 \u0633\u0643\u0646\u064a\u0629 \u062d\u062a\u0649 2030\">Read more<\/a><\/p>","protected":false},"author":27,"featured_media":88260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[100],"tags":[],"class_list":["post-88243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-residential"],"acf":{"amlak_post_excerpt":"\u0627\u0644\u062d\u0642\u064a\u0644: \u0627\u0644\u0645\u062f\u0646 \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u0628\u062d\u0627\u062c\u0629 \u0625\u0644\u0649 1.5 \u0645\u0644\u064a\u0648\u0646 \u0648\u062d\u062f\u0629 \u0633\u0643\u0646\u064a\u0629 \u0628\u062d\u0644\u0648\u0644 2030 \u0644\u062a\u0639\u0632\u064a\u0632 \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0648\u0627\u0644\u062a\u0648\u0633\u0639 \u0627\u0644\u062d\u0636\u0631\u064a.","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":"\u0627\u0644\u062d\u0642\u064a\u0644: \u0627\u0644\u0645\u062f\u0646 \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u0628\u062d\u0627\u062c\u0629 \u0625\u0644\u0649 1.5 \u0645\u0644\u064a\u0648\u0646 \u0648\u062d\u062f\u0629 \u0633\u0643\u0646\u064a\u0629 \u0628\u062d\u0644\u0648\u0644 2030 \u0644\u062a\u0639\u0632\u064a\u0632 \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0648\u0627\u0644\u062a\u0648\u0633\u0639 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