subsidised residential financing contracts
National homeownership rate
Families benefited from the program
Empowering and enhancing the growth of the Saudi housing market by providing sustainable and innovative financial solutions for citizens and market participants.
Increasing the percentage of homeownership among citizens by providing innovative and financially sustainable solutions for citizens and market participants.
REDF was established by Royal Decree No. M/23 dated 11/06/1394, corresponding to 01/07/1974. It is organisationally 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 realisation of housing targets and Saudi Vision 2030.
A strong foundation for Saudi homeownership.
Minister of Municipalities and Housing,
Chairman of the Board of Directors
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.
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.
Chief Executive Officer,
Member of the Board of Directors
In 2025, The Real Estate Development Fund (REDF) entered a new phase, placing sustainable and innovative financial solutions at the heart of its updated corporate strategy to drive the continued growth of the Saudi housing market. With national homeownership reaching 66.2%, REDF continues to make strong progress toward supporting the Kingdom’s Vision 2030 target of 70%.
During 2025, more than 83,000 housing finance contracts were enabled through REDF supported programs, reflecting sustained demand and delivering meaningful impact in expanding access to homeownership. REDF’s role goes beyond direct beneficiary support, with a critical position as a key enabler of the financing housing ecosystem and this collaborative approach has translated into measurable outcomes.
Institutional capability and operational excellence continue to be key enablers of our strategy. We continued to reshape the service model through digital transformation, as the majority of transactions are now completed electronically within a highly reliable operational framework, which has led to improved resource allocation, cost control, and realignment of the branch network in accordance with efficiency considerations.
Strategic partnerships remained a key pillar in implementing our priorities; agreements were signed with 17 developers to support more than 3,285 housing units, in addition to strengthening integration with financial institutions and government entities across the value chain in the housing sector. Our affiliated partnerships contributed to supporting the stability of the ecosystem and strengthening confidence; guarantees enhanced portfolio governance and improved capital management efficiency, and agreements were signed with the aim of expanding supply. in partnership with the National Housing Company (NHC), Damanat, and China’s ICBC Bank, liquidity was provided to support the National Housing Company’s projects. The National Financing Support Services Company (NFSSC) also continues to develop its business by
attracting a foreign partner with extensive international experience to raise the level of products and services related to collections and financing services, and their cost efficiency for financing entities and ultimately for the beneficiary. In light of demographic shifts and changing demand patterns, it has become necessary to develop more efficient, inclusive, and flexible financing solutions without asset quality, improving capital management, raising operational efficiency, and developing cash flow tools. compromising risk standards. Accordingly, the Fund began developing alternative models, including rent-to-own, shared ownership, and improved guarantees to reduce down payment barriers, thus enhancing financial inclusion and targeting priority segments within a balanced and responsible financial framework.
This trend is also reflected in the tangible improvement in the Fund’s financial position, which contributed to reducing credit risks and strengthening the balance sheet. During the year, we launched our new corporate strategy based on a clear principle: financial sustainability is a prerequisite for sustaining development impact, enhancing Collections from the Early Repayment Program increased by approximately SAR 800 Mn during the year, while revenues from loans, fees, and developer programs increased by 11% to reach SAR 949 Mn, indicating a sustained improvement in operational efficiency and asset quality. Looking to the future, maintaining the momentum of homeownership requires disciplined institutional execution and confident partnerships with financing entities and our partners in the housing ecosystem,
ensuring the continued positioning of the Real Estate Development Fund (REDF) as a key driver in the Kingdom’s housing finance ecosystem to support a new generation of homeownership.
The Fund’s performance indicators and platforms during the year 2025 in delivering financing and advisory services.
Registered beneficiaries on the Real Estate Advisor platform.
Contracts signed in 2025.
Facilities approved to develop more than 35 projects totaling 4,586 housing units.
Support for individual mortgage financing costs, resulting in 344 housing finance contracts.
Supported and empowered, with agreements covering 3,285 housing units.
Supporting financing products and their foundations.
Real estate valuations completed, bringing total applications since the program launch in 2021 to 1,402,451.
Valuation requests in 2025.
Real estate valuation requests in 2025.
Collections performance exceeded the annual target of 5,681 million.
Collected through the early repayment discount program.
Number of full loan closure beneficiaries in 2025.
Investment revenues exceeded the target by 133%.
Total revenues exceeded the target by 129%.
Return on investment after investment revenues.
Paid-in capital; authorized capital is 190.9 billion.
Annual average cost of supported financing.
Total approved expenses, with a disbursement ratio of 99.99%.
Percentage above the annual target for allocated funds.
Operating revenues exceeded the target by 120%.
مؤشرات أداء الصندوق ومنصاته خلال العام 2025م في تقديم الخدمات التمويلية والاستشارية.
لدعم المنتجات التمويلية ومرتكزاتها.
تقييم عقاري تم إنجازه ليصل إجمالي الطلبات منذ إطلاق البرنامج عام 2021م إلى 0 طلبًا.
طلب تقييم في العام 2025م.
تقييم عقاري في العام 2025م.
اعتماد تسهيلات لإنشاء أكثر من 0 مشروعًا عقاريًا بإجمالي 0 وحدة سكنية.
دعم لكلفة التمويل العقاري للأفراد، نتج عنه إنشاء 0 عقد تمويل عقاري.
تم دعمهم وتمكينهم، مع توفير 0 وحدة سكنية
المستفيدون المسجَّلون في منصة المستشار العقاري.
عقدًا موقَّعًا في عام 2025م.
أداء التحصيل بنسبة تجاوز المستهدف السنوي 0 مليون.
تم تحصيلها عبر تفعيل برنامج خصم السداد المبكر.
عدد مستفيدي إغلاق كامل القرض لعام 2025م.
إيرادات استثمارية متجاوزة المستهدف بنسبة 0%.
إجمالي الإيرادات متجاوزًا المستهدف بنسبة 0%.
معدل العائد على الاستثمار بعد الإيرادات الاستثمارية.
رأس المال المدفوع، ويبلغ رأس المال المصرَّح به 0 مليار.
المتوسط السنوي لتكلفة التمويل المدعوم.
إجمالي المصاريف المعتمدة، وبلغت نسبة الصرف 0%.
نسبة تجاوز المستهدف السنوي من قيمة المبالغ المحصّلة
إيرادات تشغيلية متجاوزة المستهدف بنسبة 0%.
Satisfaction rate with the services provided
NPS: Likelihood of recommending services to relatives and friends
Awareness rate of REDF‘s products and programs
Level of trust in REDF‘s products
Progress in the Digital Transformation Index
Of electronic services are now automated, including full integration with financing entities