Key Reforms to Stabilize Riyadh’s Real Estate Market

Comprehensive Price-Stabilization Directive
Crown Prince and Prime Minister Mohammed bin Salman ordered a suite of measures to curb soaring land and rental costs in Riyadh, based on a detailed Royal Commission and economic council study.

Land-Transaction Restrictions Lifted
Restrictions on sales, purchases, subdivisions, and building permits have been removed in two additional northern districts (17 km² and 16.2 km²), bringing the total newly released development land to 81.48 km².

Affordable Residential Plots
Over the next five years, 10,000–40,000 fully serviced housing plots will be offered annually at no more than SAR 1,500/m² to Saudi citizens (married or aged 25+ with no prior property), subject to a 10-year non-transfer clause (except to secure construction loans).

White Land Tax & Rental-Tenant Reforms
Amendments to the White Land Tax Law must be enacted within 60 days to boost supply, and new regulations will be introduced within 90 days to ensure fair landlord-tenant relations.

Ongoing Market Oversight
The General Real Estate Authority and Royal Commission for Riyadh City will continuously monitor land and rental prices and submit regular reports to maintain transparency and stability.