National Housing Authority: Real estate data provides national investment opportunities

Monday 08 June 2026
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On the second day of the Future of Real Estate Forum...

National Housing Authority: Real estate data provides national investment opportunities

 

Engineer Rayan Al-Aql, Head of the Individual Solutions Sector at National Housing, confirmed that the company relies on digital automation in its operations, whether in the residential, commercial, or owners' association sectors, and others, during the dialogue session held on the second day of the Future of Real Estate Forum, which was entitled "The Impact of Real Estate Data on the Development of the Real Estate Market".

The session was attended by the Deputy Governor of the General Authority for Real Estate for Research and Regulations, Dr. Saeed Al-Qarni, the General Supervisor of Real Estate Wealth at the Ministry of Justice, Engineer Ahmed Al-Salman, and the Vice President of Technology at Thiqah Company, Ahmed Al-Thumairi.

Al-Aql explained that the National Housing Company’s role is to maximize this benefit for the nation by relying on electronic automation, noting that the number of registered residents in Sakani has reached 3 million Saudi families, and the company’s role is to provide this information to decision-makers, real estate developers, investors, banks, and indicators, stressing that there are segments of beneficiaries whose needs can be identified through the information according to regions, financial capacity, and family structure, as this information helps in directing the appropriate segment to the appropriate financier for it.  

The head of the Individual Solutions Sector at National Housing pointed out that the existence of a huge amount of data is a national financial investment opportunity, and like other opportunities, it requires making a decision in a timely manner to gain these investment opportunities, while respecting the privacy of individuals’ information, noting that digitization gives a future vision of the behavior of beneficiary families and purchasing power.

For his part, the Deputy Governor of the General Authority for Real Estate for Research and Regulations, Dr. Saeed Al-Qarni, revealed that the number of real estate decisions taken during 2021 was more than 1,660,000 real estate decisions, including 480,000 purchase decisions and 1,239,000 rental decisions, noting that the basic base in this pyramid is the real estate transaction data provided by the Ministry of Justice.

Al-Qarni confirmed that there are more than 3.5 million documented real estate transactions in the Kingdom, and 3 million documented lease contracts since the launch of the Ejar program until last January, in addition to a large amount of documentation data and advertisements that are monitored.

For his part, the General Supervisor of the Real Estate Wealth Digitization Initiative at the Ministry of Justice, Engineer Ahmed Al-Salman, confirmed that the Ministry of Justice launched the Real Estate Wealth Digitization Initiative in 2016, and the initiative began its work in 2017, noting that there are two axes to this initiative, which are (digitizing real estate documents), which are estimated to number 100 million real estate documents, and (digitizing real estate procedures), which aims to make all procedures digital and not require paper.

For his part, Ahmed Al-Thumairi, Vice President of Technology at Thiqah Company, affirmed that providing data and information is a key enabler for serving the real estate sector in all its aspects, as comparing data in the transfer of real estate deeds requires the presence of the parties involved in the transaction at the property location. After the development of real estate digitization, many purchasing and ownership transfer operations have become easier, revealing that last year witnessed more than 360,000 real estate transfer transactions, whether through notaries or the electronic transfer service, and these numbers are a great testament to the efforts made in the field of real estate services.

In another dialogue session entitled “Cities of the Future and Urban Development” on the last day of the forum, the Deputy Secretary of the Riyadh Region for Planning and Development, Dr. Abdul-Ilah Al-Mayouf, stressed that there are mandatory changes based on need through achieving the basics and principles of energy efficiency, noting that the current plans of the Riyadh Municipality in planting gardens will be for local trees that consume less water.

During the same session, Dar Al Arkan CEO Noufal Al-Khudairi stated that developing the infrastructure in smart cities will contribute to improving the understanding of how cities operate in terms of resource and service consumption, noting that Dar Al Arkan is studying the use of local resources in the Kingdom in building smart cities.

The session witnessed the participation of the CEO of Retal Real Estate Development Company, Engineer Abdullah Al-Buraikan, who pointed out that there is difficulty in purchasing residential units in some neighborhoods of Riyadh due to price fluctuations, calling for real estate alliances to find housing solutions between the private and governmental sectors to build smart cities.

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The Kingdom of Saudi Arabia