Industry Newsreal estateland allocationtawazoun platformsdaia
Riyadh Commission Allocates 10,024 Residential Plots
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The Royal Commission for Riyadh City (RCRC) announced today the results of an electronic draw on the Real Estate Balance Platform (Tawazoun) for purchasing residential land, after eligibility verification and objections review. The draw allocated 10,024 plots totaling 6.38 million square meters across Riyadh in eight districts, each plot 300 square meters; beneficiaries can view allocations and complete subsequent procedures online.
Key Points
- 1Allocated 10,024 residential plots totaling 6.38 million square meters across multiple Riyadh districts
- 2Ensured fairness via an independent committee and advanced technical systems to verify applicant eligibility
- 3Enables beneficiaries to complete off-plan sales, site handover and construction steps electronically through Tawazoun
Scoring Rationale
Official large-scale land allocation signals substantive program impact, limited by regional scope and incremental policy update.
Sources
Public references used for this report.
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