In a significant step aimed at regulating and developing the real estate sector in the Saudi capital, the Royal Commission for Riyadh City announced the results of the electronic lottery for allocating residential land to eligible citizens. This initiative is part of a package of measures directed by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, to create a sustainable balance in Riyadh's real estate market and meet the growing demand for housing.
Background and objectives of the initiative within Vision 2030
This step falls within the strategic objectives of the Kingdom's Vision 2030 , which prioritizes increasing homeownership among citizens. Riyadh has faced challenges in recent years due to soaring land and property prices, creating an obstacle for many families. Therefore, the wise leadership has directed efforts to increase the supply of developed and planned residential land, aiming to curb prices and provide diverse and affordable housing options for citizens, thereby enhancing quality of life and family stability.
Details of the draw and the transparent implementation mechanism
The Royal Commission clarified that the lottery process was conducted entirely through Real Estate Balance Platform , after the eligibility verification phase for applicants and the review of all submitted objections to ensure fairness. To enhance transparency and reliability, the lottery was overseen by an independent committee comprised of representatives from multiple government entities, including the Royal Commission for Riyadh City, the Ministry of Justice, the General Authority for Real Estate, the Riyadh Municipality, and the Saudi Data and Artificial Intelligence Authority (SDAIA). Advanced technological systems were employed to guarantee equal opportunities for all eligible applicants.
Locations and details of allocated lands
The authority confirmed that the final lottery results are now available to eligible applicants through the platform, where they can check the status of their applications and complete the necessary procedures. This batch included the allocation of residential plots with a total area of 6,380,600 square meters , distributed across several vibrant and newly developed neighborhoods within the city's urban fabric. The plots are located in various areas, including Al-Qayrawan, Al-Malqa, Al-Nakheel, Al-Narjis, Nimar, Al-Rimal, Al-Rimal, and Al-Janadriyah. Each plot measures 300 square meters, and a unified urban code was applied to ensure a harmonious urban landscape.
Expected impact on the real estate market and society
This initiative is expected to have a multifaceted positive impact. Locally , the increased supply of developed land will contribute to stabilizing property prices, making homeownership more accessible to citizens. It will also stimulate the construction and contracting sector, creating new job opportunities and supporting economic growth. Socially , the provision of well-planned urban communities that meet quality-of-life standards will enhance social stability and increase resident satisfaction. Furthermore, this initiative represents a successful model for digital transformation in government service delivery, reinforcing Riyadh's position as a smart and innovative city.
Future steps and program continuity
The Royal Commission indicated that this batch is the first in an ongoing process of releasing new batches over the next four years. Beneficiaries can now follow the next steps through the Real Estate Balance Platform, which includes off-plan sales procedures, site handover, and the commencement of construction phases, ensuring a seamless and transparent online journey from application to home handover.
