Artificial nests are a commonly used management technique to increase the breeding population and/or productivity of birds with nest site limited populations. We compared nest survival of saker falcons breeding in artificial nests erected in a flat steppe landscape with those breeding in natural nests on rocks and cliffs in adjacent hills of central Mongolia. We found no significant difference in daily nest survival during the egg and nestling stages of the breeding cycle. Nest survival varied across years and was higher at artificial than natural nest sites, primarily because of higher survival rates during the egg stage at artificial nests. However, fledgling productivity was not significantly different although artificial nests produced an average of 3.2 fledglings compared to 2.3 at natural nest sites. We found no significant differences in offspring sex ratios and fledgling mass at artificial and natural nest sites. Provision of artificial nests can increase the range, size and productivity of saker falcon breeding populations, a globally endangered species subject to high mortality and trapping for falconry. This management technique can be used for incentive-driven conservation initiatives, whereby sustainable harvest quotas can be generated from demographic models based on parameters derived from a managed and monitored population breeding in artificial nests.