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الاقتصادية
Real Estate Balance Program Applications Open Second Year
The Royal Commission for Riyadh City has announced the commencement of applications for the second year of the Real Estate Balance Program. This program aims to increase the supply of residential land with prices below 1,500 riyals per square meter, in order to reduce the gap between supply and demand in the real estate market. Registration begins on August 16 and will continue until September 15. Eligible applicants must be married or over 25 years old, not own any previous properties, and have been residing in Riyadh for more than three years. The program seeks to release between 10,000 and 40,000 plots of land annually over the next five years, with ongoing updates to stabilize the real estate market. This initiative aims to balance land prices and reduce the rising costs of housing in the capital.
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