Al-Hogail: Injecting 300,000 housing units in Riyadh within 3 years
The Minister of Municipalities and Housing revealed Majid Al-Haqil: The city of Riyadhis emerging today as a major opportunity for real estate development projects, as the lands ready for real estate development that have infrastructure exceed about 100 million square metres.
The Minister expected, during his speech at the Real Estate Future Forum, that these lands will produce about 300,000 housing units during the next three years.
The Minister noted that about 60,000 invoices for white land and vacant real estate fees have been issued since the beginning of 2026.
He pointed out that the Ministry continues to issue a fee invoice The White Lands, within an integrated work in which all parties of the system participate.
He added that the path "Real estate balance" It strengthened the stability of the real estate market, raised its efficiency, and achieved justice, under the guidance and follow-up of His Royal Highness Prince Mohammed bin Salman, the Crown Prince and Prime Minister.
He stated that in less than a year since the launch of the real estate balance track programs, its effects began to appear through an organized price correction that contributed to strengthening the stability and continuity of the market.
The work of the Real Estate Future Forum
The work of the Real Estate Future Forum 2026 in its fifth edition was launched, under the patronage of the Minister Municipalities and Housing Chairman of the Board of Directors of the General Real Estate Authority Majid bin Abdullah Al-Hogail, under the slogan "Horizons are expanding and real estate is thriving"In light of increasing local and international interest.
The forum witnesses wide participation from decision-makers, experts and investors, representing more than 140 countries, and an elite group that includes 300 speakers from government and executive leaders and experts in the public and private sectors, in addition to a number of influential figures at the local and international levels, reflecting the advanced position that the Saudi real estate sector has now occupied on the global map.
The forum includes the holding of more than 40 dialogue sessions and a number of special meetings, discussing the future of urban planning and design for residential communities, their health, environmental and social sustainability, and the role of real estate technologies in developing cities and building green buildings, with the participation of an elite group of economists, investors and experts of the real estate sector system locally and internationally.
The establishment of the Future of Real Estate Forum coincides with the entry into force of the updated system for non-Saudi ownership of real estate, which opens regulated paths for foreign investment, enhances the attractiveness of the Saudi real estate market, and supports its sustainable growth, at a time when it is witnessing The Kingdom has an unprecedented development momentum in its various regions.
The forum is accompanied by a specialized real estate exhibition with the participation of major companies and local and international entities, showcasing the latest real estate technologies, applications of artificial intelligence, sustainable building materials, innovative development models, and various financing and investment solutions, in addition to being a platform for signing a number of agreements and memorandums of understanding between the participating parties.
The Future of Real Estate Forum is a pioneering platform that brings together interested people, specialists, researchers and entities working in the real estate sector, and allows Its dialogue sessions, specialized workshops, and the accompanying real estate exhibition contain qualitative knowledge and experiences that contribute to anticipating the future of the sector, enhancing regulatory and investment paths, and building effective partnerships that support the growth and sustainability of the real estate market.
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