Private developers build most of NHC's new homes

The National Housing Company has launched 126 projects across 12 Saudi cities, but it is the named developer on only 38 of them. Private developers build the rest. In 2024 it launched more than 61,000 units and delivered a little over 22,000.

NHC publishes its project list one web page at a time, with no total. We read every page on 30 August 2026 and added them up.

Half the plan has reached a launched project

NHC's site has two lists. Destinations are the big master plans, like Al-Fursan and Khuzam in Riyadh, at 50,000 units each. Projects are what has actually gone on sale inside them. You can't add the two together, since one sits inside the other.

Setting launched units against planned units, about half of planned capacity (50.6%) has turned into a launched project. Against the 600,000 homes NHC says it will build by 2030, launched projects cover 22%.

Jeddah, not Riyadh, has the most launched homes

Riyadh holds almost half the planned capacity, 129,890 units. Once you look at what has launched, the order flips. Jeddah has 48,394 units in 28 projects, Riyadh 45,733 in 55. Riyadh's schemes are simply smaller, while Jeddah leans on a few big ones such as Aali Jeddah, at 8,649 units.

NHC supplies the land, others build

On the other 88 projects the developer is one of 63 private firms. Dar Wa Emaar appears most, on seven projects, then ARTAR on five and Ajdan on three.

So NHC behaves more like a land and sales platform than a builder. Private developers account for 72,697 units, against NHC's 60,382. More on that peer group in our Saudi residential market overview.

Launched is a long way from delivered

The Housing Program's 2024 report gives the only dated delivery figure we could find. NHC launched more than 61,000 units that year, offered 24,000, sold 27,000 and delivered a little over 22,000. "Offered" coming in below "sold" is not a typo. The report counts them on different bases and does not reconcile them. Nobody publishes a cumulative delivered total or a split by city.

The register doesn't help much either. Eighteen projects are marked "Fully Booked", which is a sales status, and no project page gives a completion date. Treating the register as near-term supply would be out by years (we explain why in pipeline vs net supply).

Prices, where they are shown

Only 14 project pages show a starting price, from SAR 275,000 at Rehab Al-sadan in Jeddah to SAR 2,206,462 at Saraya Homes in Riyadh. The cheapest ones are mostly NHC's own projects. When the ministry announced the Khuzam agreements in 2023, it gave floors from SAR 249,000 as prices after subsidy (MOMRAH). The project pages don't say which basis they use.

NHC's own numbers keep changing

Khuzam was more than 52,000 units in a January 2026 release (SPA), and the Arabic site lists 124 projects against 126 in English. Anyone using these figures, for a valuation or a supply model, should note the date they read them.

We keep the full register, one row per project with its source page. Ask for the NHC project register, or start with our notes on Riyadh and Jeddah. How these sales are licensed and escrowed is in off-plan sales in Saudi Arabia.

Sources

• NHC, destinations register (28 destination pages, read 30 August 2026): link
• NHC, projects register (126 project pages, read 30 August 2026): link
• Housing Program Annual Report 2024 (NHC pages 69 to 71): link
• Saudi Press Agency, Khuzam and Taraf (15 January 2026): link
• MOMRAH, six Khuzam development agreements (Arabic release, 5 June 2023): link
• AGBI, NHC FY2024 revenue and 2030 target (23 January 2025): link