Saudi mortgage growth has jumped sharply in 2025, surpassing SR900 billion ($240 billion). This surge underscores the Kingdom’s real estate transformation under Vision 2030. Moreover, new policies, digital tools, and innovative investments are reshaping housing across Saudi Arabia.
During the third Qatar Real Estate Forum in Doha, where Saudi Arabia was the guest of honor, Minister of Municipalities and Housing Majid Al-Hogail highlighted this remarkable growth. He attributed the expansion to regulatory reforms and stronger institutions, which have acted as the main drivers of this record achievement.
Furthermore, Al-Hogail noted that mortgage lending now accounts for 27 percent of Saudi banks’ portfolios. In addition, the Saudi Real Estate Refinance Co. has supported this surge by issuing sukuk on the London Stock Exchange, thereby boosting capital market integration. “Real estate financing drives sustainable development,” he added.
The minister also detailed the government’s efforts to establish a comprehensive real estate ecosystem. Consequently, landowners, developers, service providers, and facility managers now operate within a more efficient, collaborative framework. As a result, over 100 national developers are executing large-scale projects that meet global standards.
Al-Hogail explained that the sector’s focus has shifted from simply providing housing to enhancing community living. For instance, the “Saudi Architecture” program embodies this change, creating 19 distinct architectural identities across the Kingdom’s regions.
In addition, digital transformation is progressing rapidly. Six Saudi cities now rank among the top 100 smart cities worldwide, according to the IMD Index. As a result, fully digitized real estate transactions have made properties more liquid, offering citizens new opportunities for investment and savings.
Moreover, the minister announced a new agreement with Qatar’s Diyar Co. to expand its operations in Saudi Arabia. He emphasized that Gulf cooperation remains a key pillar for building a sustainable regional real estate market.
Looking ahead, mortgage rates are expected to continue rising. With Vision 2030 targeting a 70 percent homeownership rate, coupled with strong institutions, digital innovation, and regional partnerships, the Kingdom is increasingly becoming a global model for modern real estate development.
