Eng. <Engineer Ibrahim Al Sultan, CEO of Royal Commission for Riyadh City, explained that Real Estate Balance Platform will not only be a tool for land distribution, but a comprehensive regulatory framework based on three main pillars: Increasing the housing supply, controlling and regulating the market, and continuously monitoring price movements to ensure transparency and stability.
According to the Sultanate's announcement. <According to the Sultan's announcement, the reception of citizens" applications starts from today until October 23, 2025, and the names of those entitled will be announced on November 9, 2025, a clear timetable that enhances the confidence of beneficiaries and reflects seriousness in implementation. Most importantly, the offered lands will be within existing neighborhoods in Riyadh, which means that the beneficiary will not only receive a piece of land, but also an opportunity to integrate into a fully serviced urban environment, which increases the added value of the project.
<The program aims to provide between 10,000 and 40,000 plots of land annually over five years, at a set price not exceeding 1,500 riyals per square meter. This thoughtful pricing policy contributes to curbing prices that have witnessed inflation in the past years as a result of real estate speculation, and will create a kind of justice in providing opportunities for citizens.
From a broader economic perspective. <From a broader economic perspective, the platform has direct implications for enhancing liquidity in the market, raising ownership rates, and incentivizing real estate developers to enter into integrated housing projects. A strict and clear system of purchase and ownership also prevents the exploitation of land for short-term speculation and turns it into a productive asset that contributes to urban development.
To summarize, the platform can be used as a tool for real estate development. In conclusion, it can be said that the real estate balance platform is not just a tool for land distribution, but one of the pillars of the real estate and economic transformation that the Kingdom is witnessing, and in the coming years it will be a key reference for housing policies and achieving the goals of Saudi Vision 2030.
Real estate balance platform is not just a tool for land distribution, but one of the pillars of the real estate and economic transformation witnessed by the Kingdom.
