On Wednesday, June 15, 2022, the White Lands enters a new and decisive stage; being the last date for registration of lands located within the specified scope of the city, whether in its first or second phase, and resulting in violations up to 100% of the value of the fee.

White Lands.

The imposition of fees on white lands came not with the aim of imposing financial fines on violators or inflicting damage on them, but came to free the monopoly from the grip of traders and speculators and monetize them to increase the supply of developed lands to achieve a balance between supply and demand, provide residential lands at appropriate prices, as well as protect fair competition and combat monopoly, these goals are not for consumption or formulate preconceived justifications to pass the decision and approve the program, but rather a reality that has become clear to those who follow and deal with the real estate sector.

Real estate.

The figures and statistics in the first phase indicate that more than 2 billion riyals of fees were spent on infrastructure for more than 80 projects, and this certainly falls within the framework of the state's interest in harnessing resources to improve the life of the citizen currently and in the future, and the number of families benefiting from the results of the white land program reached more than 185 thousand families, while the registered lands reached 500 million square meters, and the developed and traded lands 102 million square meters, these figures only when the first phase was applied in each of Riyadh, Jeddah, Mecca and Dammam; so the program seeks to achieve its strategic goals, as it is

And today we are only 17 days away from the end of the registration deadline for the second phase, and it is expected that the program will register more than 20 million m2 of developed land in Riyadh from the lands that the program has identified and not registered by their owners, in integration with the secretariats and the Ministry of Justice, and according to sources, these monitored lands will provide more than 60 thousand plots of land with an average size of 350 m2, one plot may include more than one housing unit.

We hope that the coming period will witness great gains for the real estate sector by making strong alliances that pump more land and housing units; to make a qualitative leap in the supply at reasonable prices.