Riyadh Launches Second Edition of Real Estate Balance Program to Address Housing Shortages

On August 16, 2026, Riyadh opened applications for the second year of the Real Estate Balance Program. This initiative will accept applications for up to 40,000 residential plots annually, aiming to stabilize the housing market and increase homeownership among eligible citizens. The application period will remain open until September 15, 2026, allowing interested parties to apply for the available plots.

The program is overseen by the Royal Commission for Riyadh City and is designed to provide between 10,000 and 40,000 residential plots each year over the next five years. Plots will be priced at a maximum of SR1,500 per square meter, targeting citizens who meet specific eligibility criteria, including being married or over 25 years old, with no prior property ownership.

The Real Estate Balance Program is part of a broader effort by Crown Prince Mohammed bin Salman to address ongoing housing market challenges in Riyadh. The initiative aims to ensure a fair distribution of residential plots, thereby increasing homeownership among citizens. The program's structure includes a verification process and an electronic lottery to determine plot allocation, ensuring transparency and fairness.

This initiative comes at a critical time when the demand for affordable housing in Riyadh continues to rise. By targeting citizens who have resided in Riyadh for at least three years and have not previously owned property, the program seeks to assist those most in need of housing solutions. The strategic timing of this launch aligns with the government's commitment to improving living conditions for its citizens.

The Real Estate Balance Program is expected to play a crucial role in balancing supply and demand in Riyadh's housing market. As the application period progresses, it will be essential to monitor the outcomes of the lottery for plot allocation and any changes in housing market dynamics resulting from this initiative. The program's success will depend on its ability to effectively reach the intended beneficiaries and provide them with affordable housing options.

Looking ahead, stakeholders should observe how the program influences housing availability and market stability in Riyadh. The effectiveness of the eligibility criteria will also be a key factor in determining the program's overall impact on the community.