Royal Commission for Riyadh announced the start of receiving requests to object to the results of those eligible to purchase residential lands in the capital through Real Estate Balance Platform, starting from Sunday, November 9 until December 8, in a move aimed at ensuring transparency and enabling citizens to review the evaluation results.
The Royal Commission for Riyadh City announced the announcement of the results of the eligible citizens who applied for residential lands today, Sunday. The Authority revealed that the results of eligible citizens applying for residential land will be announced today, explaining that the objection period is available electronically through the Authority's official platforms, according to a mechanism that allows citizens to submit and follow up applications easily and conveniently.
This step comes in line with the implementation of the Real Estate Balance Platform. This step comes in implementation of the directives of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, which emphasizes the importance of achieving balance in the real estate sector in Riyadh, by enabling citizens to own planned and developed residential lands at reasonable prices.
<The Royal Commission for Riyadh City recently launched Real Estate Balance, which is the official channel to receive applications from citizens wishing to purchase residential land within the Commission's programs. The initiative aims to provide between 10,000 and 40,000 plots of land annually over the next five years at prices not exceeding 1,500 riyals per square meter, enhancing ownership opportunities and supporting housing stability for citizens.
This initiative aims to provide between 10,000 and 40,000 plots of land annually over the next five years. This initiative is one of the strategic steps towards developing the urban landscape in the capital and achieving balanced urban development, within the objectives of Saudi Vision 2030, which seeks to raise the quality of life and provide an integrated and sustainable residential environment.
