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News Saudia > Business > RCRC Launches Second Application Round for Annual Riyadh Residential Plot Distribution
Business

RCRC Launches Second Application Round for Annual Riyadh Residential Plot Distribution

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Last updated: August 12, 2026 3:14 pm
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The Royal Commission for Riyadh City will accept submissions through the Tawazun platform from August 16 until September 15, according to its announcement. Eligible applicants will undergo verification after the window closes, with a published list followed by an electronic lottery to assign plots. The commission stressed that application order does not determine eligibility and that registration alone does not guarantee acceptance. First-year participants who qualified will automatically carry over into this round.

Under the program, the commission plans to release between 10,000 and 40,000 fully planned and serviced residential plots annually over five years, the Royal Commission for Riyadh City reported. Prices remain capped at 1,500 Saudi riyals per square meter across sites within existing urban areas and newly designed districts. The first edition distributed plots totaling 6.3 million square meters, demonstrating the scale of land being introduced to the market.

Applicants must be Saudi citizens who are either married or at least 25 years old, according to commission criteria. They must have resided in Riyadh for a minimum of three years and hold no prior property ownership. The authority designed these conditions to direct support toward households most in need of ownership opportunities in the capital.

Once selected through the lottery, successful candidates proceed to plot allocation, off-plan sales formalities and eventual ownership transfer, the Royal Commission for Riyadh City explained. The sequence incorporates regulatory safeguards to maintain transparency and fairness throughout the process. Technical systems ensure equal opportunity among all qualified participants.

The initiative forms part of broader government measures issued in March 2025 that lifted land-use restrictions across roughly 81 square kilometers in northern Riyadh while accelerating white-land tax enforcement, Argaam data shows. These steps, combined with the annual plot supply, seek to address the supply-demand imbalance that has driven price escalation in the capital. The Royal Commission for Riyadh City and the Real Estate General Authority monitor market responses and report findings to higher authorities.

Saudi Vision 2030 figures place the national homeownership rate at 65.4 percent at the end of 2024, up from a 47 percent baseline and on track toward a 70 percent target by 2030. The Housing Program under the national vision has delivered support to more than 122,000 families in a single recent year, according to program records. Within that framework, the Real Estate Balance Program contributes by lowering the land-cost component of housing and channeling supply into planned communities that align with Riyadh’s rapid urban expansion.

Real estate analysts have noted that sustained success will require complementary measures in financing and construction approvals to convert allocated plots into completed homes. The commission’s approach emphasizes long-term market stability over short-term fixes, linking land release to wider economic activity in building materials, contracting and mortgage services. Officials indicated the program will continue adjusting based on observed demand and demographic trends in the capital.

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News Saudia NewsDesk is the desk responsible for News Saudia's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news agencies and government communications. Its focus is accurate, timely and factual coverage of the region.
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