Saudi Housing Programs Top 1.02 Million Subsidized Contracts as Homeownership Reaches 66.24%
Updated
Updated · Asharq Al-awsat - English · Jun 14
Saudi Housing Programs Top 1.02 Million Subsidized Contracts as Homeownership Reaches 66.24%
1 articles · Updated · Asharq Al-awsat - English · Jun 14
Summary
1.02 million subsidized housing contracts had been issued by the Real Estate Development Fund and Sakani by end-March, with 32,983 Saudi families obtaining a first home in the first quarter of 2026.
23,222 families also received housing support services in the quarter, as cooperation among the housing system, lenders and the fund expanded financing access and boosted purchasing power.
Officials said tighter regulation, digitalized procedures and broader partnerships with private developers increased supply and sped access to housing, while off-plan sales gained credibility under stronger oversight.
The push lifted Saudi family homeownership to 66.24% by end-2025, moving the kingdom closer to its Vision 2030 target of raising the rate to 70%.
With market transactions plummeting, is Saudi Arabia's government-fueled housing boom heading for a crash?
New laws invite foreign buyers to a cooling market. Is Saudi real estate a golden opportunity or a risky bet?
Saudi Arabia’s Housing Transformation: 66% Homeownership Achieved Through Vision 2030, Private Sector, and Policy Reforms
Overview
Saudi Arabia's housing sector is experiencing a major transformation, driven by the Vision 2030 agenda. The homeownership rate has surged from 47 percent in 2016 to over 66 percent by the end of 2025, surpassing national targets. This rapid progress is largely due to the Sakani Program, a comprehensive initiative by the Ministry of Municipal, Rural Affairs and Housing, which offers a wide range of housing solutions and strong support for first-time buyers. Government-backed loan schemes with favorable terms have further boosted accessibility, making homeownership more achievable for Saudi families across the country.