Saudi Arabia Accelerates Real Estate Boom as Homeownership Reaches 66 Percent
Riyadh, Thursday, 27 August 2026.
Saudi Arabia has surpassed its housing goals, reaching a 66.24% homeownership rate in 2025. This rapid progress toward its 70% Vision 2030 target comes as new regulations open real estate ownership to foreign buyers.
Analyzing the 2025 Housing Performance Gap
The Kingdom’s housing sector has demonstrated significant momentum, with the national homeownership rate reaching 66.24% in 2025 [1]. This figure surpasses the annual target of 65% set for the period, indicating robust delivery in residential units and land plots [1]. During 2025 alone, the market supplied 107,000 housing units and developed land plots to meet this demand [1]. Despite this progress, the Kingdom remains focused on the Vision 2030 benchmark of 70% [1]. To reach the 70% target from the 2025 baseline of 66.24%, the market requires a percentage growth of 5.676 relative to the current rate [1]. This data underscores the sustained momentum in residential construction required over the remaining years to 2030 [1].
Cityscape Global 2026 Event Specifications
As the industry prepares for future opportunities, Cityscape Global 2026 is scheduled to take place from November 16–19, 2026 [1]. The event will be hosted at the Riyadh Exhibition & Convention Center in Malham, serving as a primary marketplace for homebuyers and investors [1]. This timeline places the event approximately two months and three weeks from the current date of August 27, 2026 [GPT]. The summit component, known as the Future of Living Summit, will run concurrently during these dates [2]. Previous iterations of the event have shown high engagement, with 62% of visitors at Cityscape Global 2025 identified as active home seekers [1]. Furthermore, 42% of buyers at the 2025 event purchased properties valued between US$300,000 and US$2.6 million, highlighting the transactional volume involved [1].
Regulatory Framework and Industry Leadership
Supporting this growth, new Implementing Regulations to the Law of Real Estate Ownership by Non-Saudis have been published to clarify eligibility for foreign entities [1]. These regulations aim to broaden the buyer base by formalizing ownership and registration requirements for international investors [1]. Leading the development charge, the National Housing Company (NHC) reported a portfolio value of SAR 250 billion by the end of 2025 [1]. The NHC has set a future goal to exceed SAR 500 billion and develop over 600,000 residential units by 2030 [1]. High-level industry leaders, including Barbara Muckermann of Kempinski Hotels and Dimitris Manikis of Wyndham Hotels & Resorts, are scheduled to share perspectives at the upcoming summit [2]. Radisson Hotel Group, represented by Elie Milky, aims for a portfolio of 200 hotels and 35,000 keys by 2030, reflecting broader hospitality confidence [2].