RIYADH — More than 51,000 Saudi families moved into their first homes during the first five months of 2026, while another 38,471 benefited from housing and financing support, according to the Ministry of Municipalities and Housing.
The figures, covering the period from the beginning of the year through the end of May, reflect the ministry’s ongoing efforts to expand homeownership by providing a range of housing and financing solutions for eligible families across the Kingdom.
Since the launch of the Sakani program in 2017, the total number of supported housing contracts has reached 1,040,215, highlighting the program’s cumulative role in expanding homeownership opportunities and increasing ownership rates among Saudi families.
The Riyadh Region accounted for the largest share of supported contracts, followed by the Makkah Region, the Eastern Province, and Jazan, reflecting growing demand for housing solutions and the expanding reach of government support programs across the Kingdom.
The ministry said the Sakani program continues to provide a wide range of housing and financing solutions, including ready-built homes, off-plan residential units, self-construction, and residential land, giving Saudi families greater flexibility to choose homes that suit their needs and preferences.
It added that housing projects developed in partnership with real estate developers are helping build integrated residential communities that combine housing with public services, facilities, and open spaces, enhancing quality of life while supporting the Kingdom’s transition toward more vibrant and sustainable urban communities.
The ministry said collaboration between government entities, the private sector, and financing institutions has strengthened housing supply, expanded homeownership opportunities, and improved the home-buying journey for beneficiaries, supporting the long-term sustainability of the housing sector and increasing confidence in the available housing solutions.
These efforts helped raise the Saudi homeownership rate to 66.24 percent by the end of 2025, bringing the Kingdom closer to its 70 percent homeownership target under Saudi Vision 2030.
The ministry emphasized that its objectives extend beyond enabling Saudi families to own homes, aiming instead to develop integrated residential communities that improve quality of life while creating vibrant, sustainable urban environments aligned with the Kingdom’s long-term development goals.
It reaffirmed its commitment to expanding housing supply through additional residential projects and housing options in partnership with the private sector across the Kingdom, helping meet the needs of Saudi families, maintain balance in the real estate market, and support the development of thriving communities.
Source: Saudi Gazette