Saudi Arabia intends to issue real estate bonds in global markets worth up to SR150 ($40 billion) by 2030, according to Minister of Municipalities and Housing Majid Al-Hogail.

The Kingdom is awaiting the stabilization of the geopolitical situation before beginning annual real estate bond issuances this year, targeting SR20 billion.The strategy includes a $5 billion international sukuk program aimed at alleviating financing burdens on banks dealing with large projects under Vision 2030.

A subsidiary of the Public Investment Fund listed this program on the London Stock Exchange and has already issued $2 billion in sukuk, which was met with strong demand reaching six times the offered amount.Al-Hogail noted that a package of measures to regulate the real estate market has been completed, including executive regulations for fees on vacant properties.

The supply of residential real estate in Riyadh increased by 30 percent while rents decreased by 15 percent last year due to government stabilization measures.The General Authority's CEO, Abdullah Al-Hammad, stated that Riyadh is projected to add 65,000 residential units by 2025, a rise of 15,000 compared to previous estimates.

Fees on undeveloped land and rent freezes have been implemented alongside housing projects and developer incentives to increase supply and balance the market.Recent indicators suggest slowing real estate inflation in the Kingdom.

Residential property prices declined for the second consecutive quarter amid government interventions, particularly in Riyadh.

Villa prices fell by 6.1 percent, signaling broader price pressure across categories.