His Highness Prince Dr. Faisal bin Ayyaf, Secretary of Riyadh Region, has directed the establishment of a specialized department in real estate development under the name (General Department of Real Estate Development), to achieve Riyadh's aspirations in the real estate sector, which is one of the basic sectors in the Kingdom and is considered an important axis and a main engine for development in the city, which is the main incubator for the expected population and urban growth, which depends mainly on the availability of land and real estate available and information related to it.

The population of Riyadh is expected to double by 2030, which will lead to a demand for housing units of about 2 million more housing units than currently available, and this increase necessitates the presence of regulators for the real estate market in Riyadh.

The new administration will work to ensure that Riyadh's real estate market is regulated. The new administration will work to deal with the challenges faced by the real estate sector, which is to enhance transparency, adjust the regulations and legislation regulating the real estate sector and alignment with the relevant authorities, as well as the mechanism for dealing with suspensions and balancing between supply and demand in this sector, and also aims to accommodate the expected growth and increased demand for residential, office, commercial, industrial and other real estate products by qualifying real estate developers, raising the quality of their work and facilitating procedures for dealing in the real estate sector to attract investors.

Riyadh's real estate market is expected to double by 2030, and this increase requires the presence of regulatory bodies in the real estate market to attract investors.