About the Fund
Introduction
Overview of the REDF and its Objectives
The REDF was established by Royal Decree No. M/23 dated 11/06/1394, corresponding to 01/07/1974. It is organizationally linked to the National Development Fund and aims to achieve real estate development in the Kingdom of Saudi Arabia by enabling beneficiaries to own suitable housing.
This is achieved through the provision of financing solutions, programs, and initiatives that keep pace with developmental transformations and growth requirements, contributing to the realization of housing targets and Saudi Vision 2030.
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Solid pillar for Saudi homeownership
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Targeted homeownership rate
Chairman's Message
H.E. Mr. Majed bin Abdullah Al-Hogail
Minister of Municipalities and Housing,
Chairman of the Board of Directors
Unlocking the Power of the Financial Ecosystem
2025 was a year when The Real Estate Development Fund (REDF) started the implementation of an updated corporate strategy designed to enable and drive the growth of the Saudi housing market through sustainable and innovative financial solutions for citizens and market participants. By year end, national homeownership reached 66.2%, moving steadily toward the Vision 2030 target of 70%. This milestone reflects not only increased access to housing, but the continued evolution of a housing system designed to deliver impact at scale, one capable of responding to economic cycles, demographic change and changing expectations of a young population.
This progress is particularly significant in today's context. The Kingdom has a young, urban population undergoing a generational transition, with more citizens entering the housing market as first time buyers, singles, and young families. While the aspiration to own a home remains strong, homeownership is increasingly viewed not as an endpoint, but as a foundation for economic participation, stability and long term wellbeing.
Homeownership also delivers impact beyond the household. It supports wealth creation, reduces exposure to rental volatility and strengthens financial resilience. At a national level, a healthy housing sector contributes to GDP, sustains employment across various sectors and reinforces social cohesion. In this sense, housing is both a social priority and an instrument of economic policy and nation building. Within this housing ecosystem, REDF serves as a steward to deliver sustainable and innovative financial solutions.
Through collaboration with our partners and market participants, REDF supports a diverse portfolio of solutions to reflect the varied needs and financial realities of Saudi citizens. This approach is delivering tangible results. In 2025 alone, over 83,000 beneficiaries received subsidies, with total financing of SR52.7Bn, reflecting continued demand and system effectiveness. Since 2017, more than 920,000 beneficiaries have achieved homeownership through programmes enabled by REDF and delivered by our ecosystem partners, with total financing exceeding SR613Bn.
Sustaining this progress requires disciplined stewardship. In 2025, REDF advanced a new corporate strategy built around four pillars, with financial sustainability as a central priority. At the same time, the organisation itself has evolved and is becoming more agile, more digitally enabled and increasingly fit to deliver against the strategy. Collaboration across the financial and housing ecosystem remains central to our success. During the year, REDF actively participated in key sector platforms such as Cityscape and Momentum, signing multiple Memoranda of Understanding (MOU) that strengthen partnerships, unlock new housing supply, whilst supporting private sector participation.
These engagements reflect a shared commitment to shaping a housing system that delivers both scale and quality. The achievements of 2025 are the result of collective effort across the public and private sectors. I extend my deepest gratitude to the Custodian of the Two Holy Mosques and His Royal Highness the Crown Prince for their leadership and unwavering commitment to placing housing at the centre of the Kingdom's transformation.
I also thank the Board of Directors, our partners across government and industry and the employees of REDF for their continued dedication.