National Housing aims to double its residential portfolio to SAR 400 billion within four years.
The CEO of the National Housing Company, Mohammed Al-Bati, confirmed the goal of doubling the housing portfolio to more than 400 billion riyals by 2030. The company aims to raise the number of housing units to about 600,000 units, compared to 300,000 by the end of 2025. NHC relies on continued strong demand, especially in major Saudi cities.
NHC CEO Mohammed Al-Bati confirmed that the company aims to double its residential portfolio to more than SAR 400 billion by 2030. The company also aims to increase the number of residential units to approximately 600,000, compared with 300,000 units at the end of 2025. NHC is relying on continued strong demand, particularly in major Saudi cities.
The beneficiaries of the first home programs represent about 70% of the buyers of the company’s projects, and the company works to expand the housing supply and support the goals of the real estate sector. “NHC” implements 20% of its projects directly, 20% in partnership with international developers, and local companies implement the remaining percentage within the private sector empowerment model.
First-home program beneficiaries account for around 70% of buyers in the company’s projects. The company is working to expand residential supply and support the objectives of the real estate sector. NHC directly executes 20% of its projects, while another 20% are carried out in partnership with international developers, with local companies executing the remaining projects under a private-sector enablement model.
The value of the company's projects exceeded 250 billion riyals, and its cumulative sales reached 120 billion. The non-Saudi ownership system contributed to adding a new source of demand for real estate. The housing demand index increased by 4.3% after the system entered into force.
The value of the company’s projects has exceeded SAR 250 billion, while cumulative sales have reached SAR 120 billion. The system allowing non-Saudis to own property has added a new source of demand to the real estate market, while the residential demand index increased by 4.3% after the system came into effect.
“NHC” accounts for about 60% of the off-plan sales market, and its share of deals reached 21%, and the company is betting until 2030 on increasing supply, partnerships, and local and foreign demand.
NHC holds approximately 60% of the off-plan sales market, with a 21% share of transactions. Through 2030, the company is betting on increasing supply, expanding partnerships, and strengthening domestic and foreign demand.
