Saudi Families Secure First Homes
During the first half of 2026, the Ministry of Municipal and Rural Affairs and Housing in the Kingdom of Saudi Arabia registered more than 63,000 Saudi families experiencing homeownership for the first time. This initiative aims to enhance homeownership opportunities and provide a variety of housing and financing solutions. Notably, in June alone, 12,004 families secured homes for the first time, bringing the total number of families benefiting from housing support programs since 2017 to over 48,600. The total number of supported contracts has increased to more than a million, reaching 1,046,890 agreements. The ministry is working to expand housing options through projects in partnership with developers to increase supply and improve quality of life, with the goal of raising the homeownership rate among Saudi families to 70% in line with Saudi Vision 2030.
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