20 Hrs
Source:
الاقتصادية
Medina Displays 19M Sq M of Land for Sale or Development
White Land Fees and Real Estate Development Societies in Madinah are part of efforts to stimulate urban development and enhance the real estate market. The total area of unused land designated for development is approximately 19 million square meters. Of this, 12 million square meters have been developed and exchanged, while 5 million square meters are still under development. Additionally, 2 million square meters have entered the trading phase since the program's inception. Revenues from these fees have supported nine residential and urban development projects, aimed at increasing supply and improving quality of life. Efforts continue to accelerate development and achieve a balance between supply and demand in the real estate market.
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