Saudi Arabia is speeding up its housing drive under Vision 2030. The government plans to deliver 300,000 housing units over the next three years with private sector help.
Homeownership has already risen—from 47% in 2016 to 66% by the end of 2025. The target is 70% by 2030, and officials say they’re on track.
“More than 300,000 units have been delivered across 16 cities,” said Housing Minister Majed Al-Hogail. He added that housing programs have helped over one million people.
To boost supply, Saudi Arabia revived its “White Land” fees this month. 60,000 landowners in Riyadh received bills to encourage development. The goal is to activate idle plots and ease housing shortages.
Al-Hogail noted that Riyadh has over 100 million square meters of developable land. “It’s a major opportunity for real estate projects,” he said.
The kingdom is also drawing global investors. So far, it has attracted over SAR 40 billion in real estate investments.
Last week, Saudi regulators made a historic move: foreigners can now buy property in the country. This follows an announcement last November that the rule would start on January 22, 2026.
These steps support the Real Estate General Authority’s goal: grow the sector to $85 billion in annual economic activity.
Big projects are already launching. Dar Al Arkan and Dar Global will build two Trump-branded towers in Riyadh worth $10 billion total.
Dubai’s Omniyat also plans a $5 billion project in Saudi Arabia this year.
In short, the Saudi housing initiative is about more than homes. It’s reshaping the economy, welcoming global capital, and building a sustainable real estate future. With strong policies and vast land reserves, the kingdom is turning its vision into reality.
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