Vision 2030: Homeownership rises to 66.24%, real estate inflation slows
Residential area
Vision 2030 has contributed to a comprehensive transformation of the sector through launching regulatory and financing initiatives and platforms, raising the homeownership rate to a record level of 66.24% in 2025. This was along with building an integrated real estate ecosystem that supports sustainability and balance between supply and demand.
|
Saudi Families Owning Homes |
||
|
Year |
Number of Families ('000) |
Homeownership Rate (%) |
|
2016 - Baseline |
-- |
47.00 % |
|
2017 |
-- |
50.00 % |
|
2018 |
-- |
52.00 % |
|
2019 |
63.4 |
53.00 % |
|
2020 |
167.6 |
60.00% |
|
2021 |
278.0 |
61.17% |
|
2022 |
410.3 |
63.74% |
|
2023 |
584.3 |
64.03% |
|
2024 |
743.6 |
65.40% |
|
2025 |
851.4 |
66.24% |
According to the Vision 2030 report, by the end of 2025, a first decline in quarterly real estate inflation was recorded over the past four years on an annual basis, reflecting a serious move toward achieving balance in the real estate market.
|
Market Stabilization |
|
|
Year |
Inflation rate |
|
2022 |
9.01% |
|
2023 |
3.50% |
|
2024 |
3.60% |
|
2025 |
(0.70%) |
|
Key Performance Figures for the Real Estate Secto |
||
|
Category |
Item |
Value / Details |
|
Contracts & Leasing |
Rental contracts |
3.21 mln |
|
Brokerage |
licensed brokers (FAL) |
106,050 |
|
Brokerage contracts (2025) |
470,860 |
|
|
Real Estate Innovation |
Sandbox |
+60 entrepreneurs |
|
Foreign companies |
7 |
|
|
Regulatory Sandbox |
Real Estate Registry |
Unified database |
|
Projects & Communities |
Riyadh |
Sidra, Warfa, ROSHN Waterfront, ROSHN Front, ROSHN Stadium |
|
Jeddah |
ALAROUS Community, Marafi Destination |
|
|
Makkah |
Al Manar Community |
|
|
Dhahran |
Al Danah Community |
|
Individual mortgage financing reached SAR 904 billion by the end of Q3 2025, compared to SAR 420 billion in 2020.
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Key Real Estate Sector Indicators |
|||
|
Item |
Start year |
Value |
End-2025 value |
|
Individual Mortgage (SAR bln) |
2020 |
420 |
+904* |
|
Ready-Built Units |
2018 |
0.38 |
114.32 |
|
Land ('000 contracts) |
2018 |
49.36 |
+1000 |
|
Self-Build ('000 contracts) |
2018 |
42.12 |
534.73 |
|
Off-Plan Sales ('000 contracts) |
2018 |
1.10 |
74.02 |
|
Other Products ('000 contracts) |
2018 |
5.75 |
286.96 |
The ministry has developed several housing and real estate solutions from 2016 to the end of 2025.
|
Development of Housing and Real Estate Solutions in Saudi Arabia |
|
|
Year |
Key Initiatives |
|
2016 |
Housing Program, Sakani |
|
2017 |
Ejar, Wafi |
|
2018 |
Real Estate General Authority, Real Estate Institute |
|
2019 |
Mortgage refinancing, Development Fund update |
|
2020 |
Sakani platform, Unit ownership law |
|
2021 |
Real estate brokerage, title registration |
|
2022 |
JOOD Housing, Real Estate Strategy |
|
2023 |
Expansion of Riyadh projects, Cityscape |
|
2024 |
Transfer tax |
|
2025 |
Non-Saudi ownership, market regulation, price monitoring, sandbox, increased homeownership |
Market Indices
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