Saudi Arabia confirms 40,000 housing units across 24 residential projects
Home ownership is set to become so much easier
In recent years, we’ve noticed a slightly difficult-to-deal-with real estate market out here in Saudi Arabia. With rent prices being at an all-time high, and homes on sale being highly expensive, it’s been tough out here. No more, though. 40,000 homes in Saudi Arabia have been confirmed.
The new homes come in a move to help more people own homes and strengthen the real estate market in the country through a new deal involving the Kingdom’s Real Estate Development Fund (REDF), the National Housing Company (NHC), and the Saudi National Bank (SNB).
مستفيد من الدعم السكني؟ 🏠
تعرف على آلية الدعم و المنتجات والإجراءات اللازمة لتكون تجربتك أسهل وأسرع.#الدعم_السكني#SNB
— البنك الأهلي السعودي (@snbalahli) August 20, 2025
The three companies will deliver over 40,000 housing units spread across 24 diverse residential projects nationwide, according to Economy Middle East.
The agreement was signed in Riyadh under the patronage of the Minister of Municipalities and Housing, Majed Al-Hogail. The ceremony was also attended by REDF CEO Loay Al-Nahidh, NHC CEO Mohammed Al-Bati, and SNB CEO Tareq Al-Sadhan.
The partnership is designed to make homeownership more accessible by offering competitive financing options with profit margins starting as low as 2.99 per cent.
The goal is to increase the homeownership rate across the Kingdom to 70 per cent by the end of this decade, coinciding with Saudi Arabia’s coveted Vision 2030.
For Saudi families hoping to own a home, the financing options provided by SNB, backed by the REDF’s housing subsidies and initiatives, aim to reduce obstacles.
Visit: rega.gov.sa
