The government has made affordable housing a top priority for Saudi citizens, initiating several programs to tackle the housing shortage. The Sakani housing program, in particular, strives to accommodate over one million Saudi families by 2030.
Saudi Arabia's commercial real estate industry is experiencing rapid growth, marked by a substantial rise in the demand for office and retail spaces.
SAMA has implemented measures to foster the expansion of the real estate finance sector, including reducing the minimum down payment for mortgages and introducing new mortgage products.
Vision 2030 seeks to enhance tourism, propelling growth in the hospitality and leisure real estate sector. Initiatives like the Red Sea Project and Qiddiya aim to create new tourism destinations.
