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Riyadh Prince distributes Tawazon land plots
The Prince of the Riyadh Region, Prince Faisal bin Bandar, today handed over the first batch of residential lands as part of the Real Estate Balance Program. The allocation includes 10,024 plots of land totaling over 6.3 million square meters in the neighborhoods of Al-Nakheel, Al-Malqa, and Al-Qairawan. The program aims to provide between 10,000 and 40,000 plots annually over five years at prices not exceeding 1,500 riyals per square meter. Its goal is to regulate the real estate market, increase supply, and reduce inflation in land prices. This initiative is part of the leadership's efforts to enhance housing stability and improve quality of life, with a focus on developing integrated neighborhoods that prioritize quality and urban expansion.
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