{"id":100541,"date":"2025-09-14T00:00:00","date_gmt":"2025-09-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/14\/tawazoun-launched-to-offer-residential-plots-at-capped-prices\/"},"modified":"2025-09-14T00:00:00","modified_gmt":"2025-09-14T00:00:00","slug":"tawazoun-launched-to-offer-residential-plots-at-capped-prices","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/14\/tawazoun-launched-to-offer-residential-plots-at-capped-prices\/","title":{"rendered":"Tawazoun launched to offer residential plots at capped prices"},"content":{"rendered":"

<\/strong>The Ro<\/strong>yal Commission for Riyadh City launched the <\/strong>Tawazoun<\/a><\/strong> platform<\/strong>, offering citizens residential plots at a capped price of SAR 1.5k per sqm, the authority said in a statement<\/a> on Thursday. The initiative aims to supply 10k to 40k plots annually to balance the city's real estate market. Applications are open until Thursday, 23 October.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Eligibility criteria: <\/strong>Eligible applicants must be Saudi citizens (married or over 25), Riyadh residents for at least three years, and first-time property owners. The land cannot be sold for 10 years and must be developed within that period to avoid repossession.<\/p>\n

Reining in prices:<\/strong> Crown Prince Mohammed Bin Salman acknowledged in his annual<\/a>address<\/a> last week that residential property prices in some areas have risen to \u201cunacceptable levels.\u201d The government is working on policies to rebalance the sector, aiming to lower costs, encourage investment, and provide suitable housing options for citizens, he said.<\/p>\n

We knew this was coming:<\/strong> A royal directive issued back in June<\/a> lifted development curbs on 81 sq km of land in northern Riyadh, outlining the plan to release the plots through a digital platform.<\/p>\n

DATA POINT-<\/strong> Riyadh\u2019s residential market saw steep price hikes in in 2Q 2025<\/a>, with villas prices climbing 15.1% y-o-y and apartment prices increasing 13.3% y-o-y, according to a JLL report. The city's housing supply now stands at roughly 2.2 mn units, with 5.6k delivered in the first half of 2025 and nearly 19k more expected by year-end.<\/p>\n

The government has rolled out sweeping reforms to stimulate the real estate marke<\/strong>t \u2014 opening property ownership<\/a> to non-Saudis, permitting foreign investment<\/a> in Makkah and Madinah real estate firms, as well as amending the White Land Tax law<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The initiative aims to provide 10-40k developed residential plots annually for five years, with prices capped at SAR 1.5k per sqm<\/p>\n","protected":false},"author":1,"featured_media":100542,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2574],"tags":[10,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-enterpriseam-ksa","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"59884639-29cc-478b-8fe3-820868693ce2","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/37.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Riyadh\u2019s Royal Commission launches Tawazoun platform to offer subsidized residential land","related_issue":[100531],"teaser":"The initiative aims to provide 10-40k developed residential plots annually for five years, with prices capped at SAR 1.5k per sqm","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.f80f686c-a427-446e-8314-cbe77db7b75b.mp3"},"yoast_head":"\nTawazoun launched to offer residential plots at capped prices - 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