About the Fund
Introduction
Overview of the REDF and its Objectives
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
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H.E. Mr. Majed bin Abdullah Al-Hogail
Minister of Municipalities and Housing,
Chairman of the Board of Directors
Strengthening Financial Integration to Empower the Future of Housing
The year 2025 marked a significant
turning point, as the Real Estate
Development Fund (REDF)
commenced the implementation
of its updated corporate strategy
designed to enable and drive
the growth of the Saudi housing
market. This is achieved through
sustainable and innovative financial
solutions that serve citizens and all
market participants, contributing
to enhancing the efficiency of the
financing ecosystem, expanding the
scope of benefits, and supporting the
achievement of housing ownership
targets.
By the end of the year, national
homeownership reached 66.2%,
steadily progressing toward the
Vision 2030 target of 70%. This
milestone reflects not only increased
access to housing but also the
continuous development of a
housing system designed to deliver
wide ranging impact, capable of
responding to economic cycles and
demographic shifts, to meet the
aspirations of the housing segment,
including the youth.
While homeownership remains a
deeply rooted aspiration, the society
in the Kingdom of Saudi Arabia is
characterized by its young population
undergoing a qualitative generational
shift. With growing numbers of
citizens entering the housing market
as first time buyers, homeownership
is increasingly viewed not as an
endpoint, but as a foundation for
economic participation, stability, and
long-term wellbeing.
The impact of homeownership
extends beyond the household; it
contributes to financial stability,
limits exposure to rental market
volatility, and enhances individual
financial resilience. On a national
level, the housing sector contributes
to supporting the GDP, sustaining
employment opportunities across
various sectors, and reinforcing social
cohesion.
In this context, housing is considered
a social priority and a key strategic
instrument of economic policy in the
Kingdom for building a solid nation.
Within this housing ecosystem,
the Real Estate Development
Fund (REDF) plays a pivotal role in
delivering sustainable and innovative
financial solutions. Through close
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collaboration with our partners
and market participants, the Fund
supports a diverse portfolio of
solutions that reflect the varied
needs of Saudi citizens, taking into
account their different financial
capabilities.
This approach has yielded tangible
results in 2025, with 83,014
beneficiaries receiving support
through subsidy programs, totaling
SAR 52.7 Bn in subsidised financing,
reflecting continued strong
demand and system effectiveness.
Since 2017, more than 920,126
beneficiaries have achieved
homeownership through programs
and solutions enabled by the Fund
and delivered by housing ecosystem
partners, with total subsidized
financing exceeding SAR 613 Bn.
Sustaining this progress requires
disciplined governance and effective
institutional oversight. In 2025,
the Real Estate Development Fund
(REDF) launched a corporate strategy
built around four key pillars, placing
financial sustainability at the core
of its priorities. Simultaneously,
the ecosystem has witnessed
remarkable development, becoming
more agile, more digitally enabled,
and better prepared to execute the
strategy's targets with full efficiency
and effectiveness.
Collaboration across the financial
and housing ecosystem remains
a cornerstone of our success.
During the year, the Fund actively
participated in key sector platforms,
such as Cityscape and the
Momentum, and signed several
Memoranda of Understanding
(MoUs) that strengthen partnerships,
contribute to stimulating new
housing supply, and support
private sector participation. These
engagements reflect a shared
commitment to developing a housing
system that achieves both scale and
quality simultaneously.
The achievements of 2025 are the
result of collective efforts between
the public and private sectors. In
conclusion, I extend my deepest
gratitude and appreciation to our
wise leadership, the Custodian of
the Two Holy Mosques, King Salman
bin Abdulaziz Al Saud, and His
Royal Highness Prince Mohammed
bin Salman bin Abdulaziz Al Saud,
Crown Prince and Prime Minister—
may Allah protect them—for their
continuous leadership and support in
making the housing sector a key pillar
in the Kingdom’s transformation journey. I also extend my sincere thanks to the Board of Directors, our partners in government and industry, and the employees of the Real Estate Development Fund for their continuous dedication and active contributions to achieving the Fund's objectives.