24 Hrs
Source:
الاقتصادية
Raw land north of Riyadh exceeds 1,000 riyals
Land prices in North Riyadh have declined, with raw land in Al-Oraah District selling for 885 Saudi Riyals per square meter, down from 1,310 Riyals in February. This comes as part of the government's housing balance measures launched to curb sharp increases in the real estate market. The aim of this correction is to restore supply and demand equilibrium, encouraging developers to increase the supply of residential units at reasonable prices, thereby supporting market sustainability and facilitating homeownership for citizens. Although some raw land sales have decreased, developed land remains more stable, and the market anticipates further balance as government measures continue.
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