63,000 Saudi Families Acquired Their First Home in the First Half of 2026
More than 63,000 Saudi families acquired their first home in the first half of 2026, alongside the allocation of ten thousand and 24 residential land plots covering over 6.3 million square meters.
Saudi Arabia announced that more than 63,000 Saudi families acquired their first home during the first half of 2026, as part of its efforts to raise the homeownership rate.
About ten thousand and 24 residential land plots exceeding 6.3 million square meters in area were allocated during the first year of the program, with the annual number of allocated plots ranging between ten thousand and 40,000 over five years.
The arrangements set a price cap not exceeding 1,500 riyals per square meter for the allocated plots, aiming to make land available at affordable prices for those wishing to build their homes.
The announcement came during the 37th government press conference in Riyadh, at a time when the real estate sector continues its role in supporting homeownership and providing housing for Saudi families.
What do these terms mean?
First Half: The first six months of the calendar or fiscal year.
Residential Land Plot: Land designated for building a residence in accordance with specific regulations.
Government Press Conference: A periodic meeting in which government entities announce their key developments and decisions.
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