18 Hrs
Source:
الاقتصادية
Riyadh Real Estate Balance Results
The results of the Real Estate Balance Program in Riyadh will be announced on September 30, after the registration period, which began on August 16. This is to verify the eligibility of applicants, which includes that they are Saudi nationals, either married or aged 25 or older, have never previously owned a property, and have resided in Riyadh for at least 3 years. The program aims to increase the supply of residential land and reduce the gap between supply and demand by providing between 10,000 and 40,000 plots of land annually at prices not exceeding 1,500 Riyals per square meter. The upcoming phases include conducting an electronic lottery and completing on-plan sales procedures to support urban development and stabilize the real estate market in Riyadh.
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