His Excellency the Minister of Municipalities and Housing and Chairman of the Board of Directors of the Real Estate General Authority (REGA), Mr. Majid bin Abdullah Al-Hogail, inaugurated the fourth edition of the Future Real Estate Forum in Riyadh. Held under the theme "A Future for Humanity: From Dreams to Reality," the forum features participation from more than (120) countries and (500) speakers representing both government and private sectors, alongside several prominent local and international figures.
The Minister stated that the comprehensive legislative reforms in the Saudi real estate market—including laws, regulations, and executive frameworks—reflect the government's deep commitment to the sector, under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and His Royal Highness the Crown Prince and Prime Minister Prince Mohammed bin Salman—may God protect them. As a result, the real estate sector has become one of the core pillars supporting the ambitious Saudi Vision 2030.
His Excellency emphasized that the Real Estate Brokerage Law and its implementing regulations have enhanced market reliability by establishing a clear legal framework that safeguards the rights of all parties. This has helped build trust among investors, property owners, real estate brokers, service providers, and clients. Additionally, the Real Estate Contributions Law and its regulations—alongside the Off-Plan Real Estate Projects Sale and Lease Law and its related enforcement and penalties framework—have collectively contributed to significant market growth. In the past year alone, (192) licenses were issued for projects with a total value exceeding SAR (147 billion), equivalent to approximately USD (39.2 billion).
Minister Al-Hogail added that the Future Real Estate Forum offers a global platform for advancing the real estate sector and enhancing quality of life through the development of sustainable, integrated cities that provide municipal and housing services aligned with the aspirations of all residents of the Kingdom. He noted that the remarkable growth in the Saudi real estate market is not coincidental, but rather the outcome of a clear vision, progressive legislation, and a supportive economic environment.
On its opening day, the forum hosted several dialogue sessions exploring the achievements of the municipal and housing sector in shaping a more dynamic and prosperous real estate future. The discussions also covered investment opportunities across the Kingdom’s regions, the role of cross-sector integration in driving economic growth, and the importance of the Real Estate Registry in urban planning and the development of sustainable residential communities. The sessions further underscored the need for balance and innovation in the real estate sector, as well as the importance of embracing modern technologies to unlock limitless opportunities.
It is worth noting that the Future Real Estate Forum spans three days and features an accompanying real estate exhibition aimed at enriching real estate knowledge and content. The exhibition includes participation from major local and international companies, entities, and key investors contributing to the global real estate ecosystem. Exhibition pavilions showcase the latest real estate technologies, advanced products, financing solutions, and key trends and strategies shaping the future of the Saudi real estate market—enhancing its transparency, reliability, and attractiveness to investors.