Annual Report 2025 · 1446–1447

Homeownership for a New Generation

The Real Estate Development Fund is driving the growth of the Saudi housing market through sustainable and innovative financial solutions for citizens and market participants.

Explore the Year Read the Letters
66.2% National homeownership rate 920,000+ families since 2017 83,014 contracts in 2025
0% Homeownership rate National figure at year-end 2025, on the path to the Vision 2030 target of 70%.
0 Families benefited Cumulative beneficiaries of REDF housing support programs since 2017.
0 Billion · subsidized financing Total subsidized financing facilitated by REDF since 2017.
0 Contracts in 2025 Subsidized residential financing contracts facilitated this year.
2.2 Strategic Direction

Four Pillars Driving the Saudi Housing Market

Approved in 2025 in alignment with Saudi Vision 2030, the strategy sets sixteen objectives across four mutually reinforcing pillars.

Pillar 01 · Direct empowerment
Pillar 01 / 04

Financing & Empowering the Real Estate Sector

Helping citizens become homeowners and accelerating real-estate development at the target-group level — through innovative financing for new market segments and a modernised service journey.

04 Strategic objectives
Financial Support & Empowerment
  • Innovative financing solutions for new market segments
  • Better experience for citizens, developers and partners
  • Data analytics & AI in service delivery
  • Acceleration of target-group housing development
Pillar 02 · Partnerships
Pillar 02 / 04

Private Sector Participation

Unlocking joint capital, alternative financing and developer capacity through structured partnerships with international developers and PropTech entities.

04 Strategic objectives
Direct & Indirect Financing
  • Joint capital and increased alternative financing
  • Partnerships with international developers and PropTech
  • Research that informs housing-ecosystem policy
  • Driving efficiency across the housing ecosystem
Pillar 03 · Sustainability
Pillar 03 / 04

Financial Resilience & Strength

Sustaining the fund through disciplined collection from the legacy portfolio, investment-return performance and operational cost efficiency.

04 Strategic objectives
Sector Empowerment
  • Stronger collections from the legacy direct-lending portfolio
  • Lower operating expense through cost efficiency
  • Stable investment returns at the required net level
  • Platform-fee revenue across services
Pillar 04 · Operating model
Pillar 04 / 04

Institutional Excellence & Efficiency

Building an organisation that is digitally enabled, well-governed and ready for the next decade of housing-market demand.

04 Strategic objectives
Sector Empowerment
  • Strengthened core functions and operating model
  • Digital transformation and adoption of frontier tech
  • Optimised use of human capital across the organisation
  • Governance covering all financial obligations
Royal Endorsement · The Leadership

A National Vision for Saudi Homeownership

The mandate of the Real Estate Development Fund is set by the highest leadership of the Kingdom — the words below frame every program REDF delivers.

His Majesty King Salman bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques Custodian of the Two Holy Mosques
King · Head of State

King Salman bin Abdulaziz Al Saud

King of the Kingdom of Saudi Arabia · Custodian of the Two Holy Mosques · Patron of national housing initiatives.

We are committed to supporting plans and programs that contribute to increasing the homeownership rate among Saudi families.
His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Prime Minister Architect of Vision 2030
Crown Prince · Prime Minister

HRH Mohammed bin Salman bin Abdulaziz Al Saud

Crown Prince · Prime Minister · Chairman of the National Development Fund · Driving Saudi Vision 2030's 70% homeownership target.

The Kingdom will become one of the world's leading nations in homeownership rates.

Read the full report. The numbers, the strategy, the people.

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