The program is designed to reduce the monopoly of land within urban areas and encourage real estate investment in line with the objectives of Saudi Vision 2030. <The White Land Program explained that the process of estimating the value of land subject to the application of fees is based on its market value on the date of the official announcement of its subjection to the system. The program indicated, through its official account on the X platform, that the estimation is subject to several key criteria that ensure justice and transparency in the calculation of fees.
Criteria for estimating the value of white land
According to the program, the criteria for estimating the value of the land include:
The location of the land within the specified price range.
The nature of the land's topography and how easy it is to develop.
The availability of public services and utilities such as roads, electricity, water and sewage, and the proximity to essential service locations.
Phased implementation in three phases
According to the executive regulations of the White Land Fees system, the program is applied in three phases, according to the size of the land and its level of development, as follows:
The first phase: includes undeveloped land with an area of more than 10,000 square meters, provided that it is located within the urban area defined by the Ministry of Municipal and Rural Affairs and Housing. The first phase includes undeveloped land with an area of more than 10,000 square meters.
The second phase: includes developed land with an area of 10,000 square meters or more, as well as the sum of developed land belonging to one owner with an area of 10,000 square meters or more in one plan within the urban area. The second phase includes developed land with an area of 10,000 square meters or more, provided that it is located within the urban area.
The third phase: includes developed lands with an area of 5,000 square meters and more, in addition to the total developed lands belonging to the same owner with an area of 10,000 square meters and more in one city, within the urban area determined by the Ministry. The third phase includes developed lands with an area of 5,000 square meters and more.
Increased real estate supply
Since the launch of the program, it has recorded remarkable growth in increasing the supply of developed land in various regions, as it has directly contributed to:
Developed more than 75 million square meters of land.
The commencement of development work on more than 48 million square meters.
Bringing more than 39 million square meters into circulation in the real estate market.
A key role in promoting urban development
Thanks to this progress, the program has become one of the most important regulatory tools that contributed to activating the real estate movement and encouraging developers to invest in white land, which reflected positively on increasing the residential and commercial supply, enhancing ownership opportunities, and balancing land and real estate prices to serve citizens and investors alike.
