The Royal Commission for Riyadh City has introduced a groundbreaking initiative aimed at providing affordable housing options for Saudi citizens. Through the Real Estate Balance Platform, known as Tawazoun, eligible individuals can now apply for developed residential plots in Riyadh. This initiative is set to transform the housing landscape by offering between 10,000 to 40,000 plots annually over the next five years, with prices capped at SAR 1,500 per square meter. Applications are open until October 23, 2025.

A New Era for Housing in Riyadh

The launch of the Real Estate Balance Platform marks a significant step forward in addressing the housing needs of Saudi citizens. By providing affordable and pre-planned plots, the Royal Commission aims to make homeownership more accessible. This initiative is part of a broader strategy to enhance living standards and stimulate economic growth in the region.

Eligibility and Application Process

To participate in this program, applicants must meet specific eligibility criteria set by the Royal Commission. The application process is designed to be straightforward, ensuring that all eligible citizens have an opportunity to secure a plot. Interested individuals are encouraged to apply before the deadline of October 23, 2025.

Economic and Social Impacts

The introduction of affordable housing plots is expected to have far-reaching economic and social impacts. By making land ownership more attainable, the initiative supports economic diversification and reduces housing shortages. Additionally, it fosters community development and enhances the quality of life for many families.

Long-term Vision for Riyadh

This initiative aligns with Saudi Arabia’s Vision 2030, which aims to diversify the economy and improve living conditions across the kingdom. By increasing access to affordable housing, the Royal Commission is contributing to a sustainable urban development model that benefits both current and future generations.

Challenges and Opportunities

While the program presents numerous opportunities, it also faces challenges such as ensuring equitable distribution and maintaining infrastructure quality. However, with careful planning and execution, these challenges can be addressed effectively, paving the way for a successful implementation.