🌟 Big News! Residential Land in Riyadh at Just SR 1,500 per sqm 🌟
Saudi Arabia has announced an exciting opportunity: residential land in Riyadh starting at SR 1,500 per square meter. Launched in September 2025, this initiative supports affordable housing and encourages investment in the capital city. 🏡
✨ Why This News Matters
Riyadh is growing rapidly, and property prices have been rising steadily. With the price set at SR 1,500 per sqm, more families, young professionals, and investors have the chance to secure land in the Kingdom’s heart.
- 📈 Affordable Entry: Competitive compared to market rates.
- 🏗 Vision 2030: Encourages sustainable urban development.
- 👨👩👧👦 Helping Families: Build homes without huge loans.
🏡 How to Apply for Land
Applying is easy via the new digital platform by the Ministry of Municipal and Rural Affairs. Steps include:
- 🖊️ Register: Sign up using your Absher ID.
- 📍 Select Plot: Pick a preferred plot from available listings.
- 💳 Payment: Make the initial payment securely online.
- 📄 Upload Documents: ID, proof of income, family details.
- ✅ Approval & Allocation: Receive your official land allocation.
⚠️ Note: A 10-year restriction applies on selling/transferring the land to ensure it is used for housing.
🤔 Can Expats Buy This Land?
Here’s the breakdown:
- ✔️ Saudi Citizens: Directly eligible.
- 🌍 Expatriates: Only eligible in certain areas with special permits. This program is currently exclusive to Saudi nationals.
- 💡 Investment: Expats can invest via companies or joint ventures once regulations allow.
👉 Tip: Expats interested in property ownership should consult the Ministry of Investment (MISA) or a certified real estate consultant.
📋 Requirements to Buy
- 🆔 Valid Saudi National ID
- 💼 Proof of employment or income
- 🏦 Ability to pay or finance through Saudi banks
- 📄 Civil status record (family details)
🌆 Why Riyadh is the Perfect Place to Invest
- 🚇 Infrastructure: Metro, highways, smart city zones
- 🏢 Jobs: Multinationals moving HQs to Riyadh
- 🎭 Lifestyle: Entertainment hubs, family-friendly developments
📊 Price Comparison
| Area | Average Price (per sqm) |
|---|---|
| North Riyadh | SR 3,000 – 5,000 |
| Central Riyadh | SR 2,500 – 4,000 |
| South Riyadh | SR 1,800 – 2,500 |
| New Govt Platform | SR 1,500 |
💬 Final Thoughts
This initiative is a golden chance for Saudi families. Expats may wait for future investment opportunities as regulations evolve.
🚀 Dreaming of living in Riyadh or investing in a fast-growing city? Now is the time to act!
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