Al-Haqil: The main cities need 1.5 million housing units until 2030
Minister of Municipalities and Housing Majid Al-Hogail said: The main cities need 1.5 million housing units until 2030… and 46% of the demand is in Riyadh, which accounts for 731 thousand housing units within the expansion plans until 2030.
Al-Hogail added during the Cityscape World Exhibition 2025, which opened today in Riyadh: that real estate, construction and building activities represent 13.8% of the gross domestic product until the quarter. The second 2025.
Cityscape Exhibition
He pointed out that Cityscape Exhibition is a national and international platform that embodies the spirit of Saudi Arabia’s vision, and places people at the heart of urban planning.
He stated that Saudi Arabia today is one of the largest urban development markets in the world and attractive to international developers.
Real Estate Deals
He pointed out that the first two days of the exhibition will witness real estate agreements and deals exceeding 161.2 billion. riyals.
Al-Hogail said: The volume of real estate loans for individuals and companies reached 961 billion riyals until the second quarter of 2025, noting that the percentage of Saudis owning homes exceeded 65% until the end of 2024.
He added that modernizing the foreign ownership system enhances confidence and opens qualitative investments in the Saudi market.
3 Regulatory Indicators
Al-Hogail revealed the launch of three regulatory indicators to monitor the market: price inflation – rental income rate. – Vacancy rate.
He stated that the market readings in Jeddah, Dammam, and Makkah Al-Mukarramah do not require new measures for land fees or rent controls in the short and medium term.
He noted the publication of technical specifications for coding standards in early 2026 to enable PropTech companies to build compatible solutions, noting that Saudi real estate is turning into a digital sector that relies on artificial intelligence, modern construction, and augmented reality.
Construction jobs. Construction jobs And construction
He explained that construction, construction and real estate activities contributed to 15.5% of jobs in Saudi Arabia.
He pointed out that Saudi Arabia is launching the first global coding standards to convert real estate properties into digital codes, pointing out that the Kingdom is one of the first countries to codify the real estate sector’s systems and regulations in a digital standard to convert properties into coded assets.
Coding standards
He added that coding makes properties capable of machine reading and encrypted linking to records. Official Real Estate.
He explained that real estate technologies expand the investor base, increase liquidity and accelerate project financing, noting that Saudi Arabia today is leading the global transformation in the digital infrastructure for real estate.
He pointed out that Cityscape has become the real estate season in the Kingdom and the region and a platform that brings together developers and investors, indicating that Saudi Arabia is building an urban future based on innovation, efficiency and sustainability.
The activities of the Cityscape International Exhibition in its new version were launched. 2025, in the capital, Riyadh, today, Monday, as it is a platform that drives opportunities and growth in Saudi Arabia and abroad, and also supports the development of the real estate sector in Saudi Arabia.
The exhibition includes the most prominent real estate leaders around the world, including investors, developers, architects, government officials, pioneers of real estate technologies, and home buyers.
The Cityscape World Exhibition 2025 will be held from November 17 to 20, 2025 at the Riyadh Exhibition and Convention Center. "Inspiring"About 405 international real estate developers are expected to attend, including international experts, ministers, presidents and CEOs, as they discuss trends in real estate technologies and construction methods at Cityscape.
In its current edition, Cityscape Global includes about 46% of international exhibitors, as they seek through the most prominent real estate platform in the region and the world to achieve their goals of partnerships, communication with stakeholders, and achieving sales. Its activities also witness one of the largest auctions in the Middle East and North region. Africa, with an expected value exceeding one billion riyals.
In the last edition of last year, the Cityscape International Exhibition 2024 concluded its activities in Riyadh, recording real estate transactions with a total value exceeding 230 billion riyals.
These transactions included sales of real estate units worth 20 billion riyals from local and international developers, in addition to the signing of strategic agreements worth 30 billion riyals, as well as real estate projects and launches announced on the first day worth 180 billion riyals.
The exhibition witnessed an attendance of more than 172 thousand visitors, with the participation of more than 400 exhibitors representing major local and international real estate companies and brands, with an international participation rate of 47%. The event also included the participation of 550 speakers from the most prominent leaders and experts in the real estate sector representing more than 50 countries, which provided a platform for exchanging experiences and reviewing investment opportunities.
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