Riyadh launches Residential Land Program
The Royal Commission for Riyadh City announces the start of accepting applications for the second year of the Real Estate Balance Program, which aims to increase the supply of planned residential lands in the capital city from August 16 to September 15, 2026. The program seeks to provide between 10,000 and 40,000 plots of land annually at prices not exceeding 1,500 Riyals per square meter, in order to support land price stability and reduce the gap between supply and demand. It also ensures beneficiaries' rights by prohibiting land transactions for 10 years, except for financing purposes. Saudi citizens who are married or over 25 years old, and meet the conditions related to residency duration and lack of previous ownership, are eligible to apply through the electronic Real Estate Balance platform.
تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي
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