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الوئام
Riyadh Reopens Second-Year Real Estate Applications
The Royal Commission for Riyadh City has announced the start of applications for the second year of the Real Estate Balance Program. The program aims to increase the supply of residential land in the city by providing between 10,000 and 40,000 plots annually at prices not exceeding 1,500 Riyals per square meter. Applicants must be Saudi nationals, married or over 25 years old, not previously possessing a property, and must have been residing in Riyadh for more than three years. Electronic verification processes and a lottery system will be used to select eligible participants. Registration does not have priority, and applications will remain open until September 15, 2026. The program's goal is to reduce the gap between supply and demand and to promote stability in the real estate market.
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