11-05-2025
NHC sells 16,000 units worth SAR 15B in 4M 2025: CEO
National Housing Co. (NHC) achieved record sales during the first four months of 2025, with a growth of 101% compared to the same period last year, said CEO Mohammed Al-Bati.
In an interview with Al Arabiya TV, Al-Bati added that the company sold more than 16,000 housing units worth nearly SAR 15 billion in the four-month period, compared to around 8,000 units sold in the first four months of 2024.
This growth was driven by the company's ability to accurately understand the market and consumer behavior, enabling it to offer competitive pricing and diversify its offerings to cover a wide range of customer segments, rather than focusing on a single product and audience, according to the top executive.
Al-Bati also stated that NHC is the leading player in the real estate sector with a significant market share. 'Based on data from the Real Estate General Authority at the end of 2024, the company held a 31% share of all residential real estate transactions in Saudi Arabia. According to data from the Saudi Central Bank, the company's projects accounted for 21% of all residential real estate financing,' he said.
The CEO further pointed out the huge opportunity available to real estate developers following a major injection of land in Riyadh and other cities, amid amendments to the white land tax law and other key regulations. This is in addition to the directives from Crown Prince Mohammed bin Salman, which have had a substantial impact in boosting real estate supply, helping stabilize housing prices in Riyadh.
