Saudi Arabia has raised home ownership among its citizens to 66.24 percent over the past decade through regulatory reforms, expanded mortgage financing and digital housing platforms under the Kingdom’s Vision 2030 program.
The increase, up from 47 percent before the launch of Vision 2030, reflects a government push to make housing a development priority through reforms aimed at increasing supply, improving financing access and reducing wait times for home-buyers.
Policies under the Housing Program, one of Vision 2030’s initiatives, helped cut what were once years-long waits for support into a streamlined process backed by digital platforms and financing solutions. More than 851,000 Saudi families have become homeowners through support programs, according to official figures.
The housing and real estate sectors have undergone broad changes in recent years, driven by regulatory and legislative reforms, expansion in mortgage finance and wider residential options aimed at creating a more balanced property market.
Vision 2030 initially targeted raising Saudi family home ownership to 60 percent by 2020, a goal it surpassed.
Authorities have also moved to address supply constraints and market distortions, particularly in Riyadh, where recent directives included doubling housing developments north of the capital and lifting restrictions on development across more than 81 square kilometers of land.
Plans also call for supplying between 10,000 and 40,000 serviced residential plots annually over five years at prices capped at SAR 1,500 per square meter.
Additional measures included regulations governing landlord-tenant relations in Riyadh, amendments to the Kingdom’s white land tax system and expanded monitoring of property prices.
Efforts to improve land and property data also pushed Saudi Arabia’s land and property coverage indicator to 53 percent, above a 45 percent target.
Mortgage lending has expanded sharply alongside the reforms. Outstanding residential mortgages to individuals exceeded SAR 907 billion ($241 billion) in the third quarter of 2025.
Housing contracts topped one million, while land financing contracts exceeded 74,000. Self-build contracts surpassed 286,000 last year, while contracts for ready-built homes exceeded 534,000. Off-plan sales contracts topped 114,000.
A broader range of housing products, including land, off-plan developments, ready-built units and self-build options, has expanded choices for buyers, while digital platforms have simplified access and financing mechanisms have sought to ease costs for households.
Furthermore, the reforms have helped reshape a sector once marked by supply shortages and long waiting periods into a more efficient system better able to meet demand.
The housing push has also been tied to broader Vision 2030 goals to improve living standards and increase private-sector participation in development.
