The Royal Commission for Riyadh City has officially begun implementing a set of regulatory and developmental measures aimed at stabilizing the real estate market and addressing the sharp increase in property prices across the capital.
As part of these efforts, an online platform will be launched to receive applications for developed residential land, with a goal of providing between 10,000 to 40,000 plots annually over the next five years — all priced at no more than SAR 1,500 per square meter.
Key actions include:
Lifting restrictions on lands in northern Riyadh.
Issuing amendments to the white land fees system within two months.
Regulating the relationship between landlords and tenants within three months.
Monitoring property prices and issuing regular market reports.
These initiatives align with the Kingdom’s broader strategy to provide affordable housing, increase land supply, and enhance the quality of urban living for its citizens.
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