As part of the Kingdom's endeavor to provide affordable plots of land, the Ministry of Municipalities and Housing announced the launch of 10,000 to 40,000 residential plots of land through the real estate balance platform at a fixed price not exceeding 1,500 riyals per square meter, and the reservation process is conducted electronically through the platform.
Ministry of Municipalities and Housing
Real Estate Balance Platform
According to the Ministry of Municipalities and Housing, it will offer a number of residential plots that citizens who meet the requirements can apply for, and registration is available through the Real Estate Balance platform until October 23, and this initiative is a fundamental step to reduce the supply and demand gap in the real estate market and promote the principle of housing justice.
Registration requirements for a plot of land
The Ministry of Municipalities and Housing has set a number of conditions that must be met by applicants to reserve land through the Real Estate Balance Platform, where the beneficiary will receive the land at a maximum price of 1500 riyals per meter, and the names of the beneficiaries will be announced on November 9.The Ministry of Municipalities and Housing has set a number of conditions that must be met.
- The applicant must be of Saudi nationality and at least 25 years old.
- To be a first-time applicant for housing support.
- The applicant or a family member must not have owned a suitable dwelling in the last five years.
- Commitment to build the housing within the time period specified in the contract signed with the Ministry.
Steps to reserve land through the Real Estate Balance Platform
- First: Login to the real estate balance platform.
- Secondly: Select the residential land reservation service.
- Third: Selecting the appropriate area and plan.
- Fourth: confirm the reservation electronically and pay the administrative fees.
- Fourth: confirm the reservation electronically and pay the administrative fees.
- Fifth: Receive an official notification that includes the date of completion of the final procedures.
