RCRC to open applications for Real Estate Balance Program on Aug. 16

Logo of Royal Commission for Riyadh City (RCRC)

The Royal Commission for Riyadh City (RCRC) will open applications for the second year of the Real Estate Balance Program at 3 p.m. on Aug. 16. Applications will remain open through Sept. 15 via the Real Estate Balance Platform (Tawazoun).

According to RCRC, the launch of the program’s second year is part of its annual track, which aims to increase the supply of planned residential land by providing between 10,000 and 40,000 plots annually at prices of no more than SAR 1,500 per square meter.

The program is intended to help narrow the supply-demand gap and support stability in Riyadh’s real estate market.

Applications are open to married citizens and those aged over 25, provided they have not previously owned real estate and have resided in Riyadh for at least three years, in addition to meeting the other approved eligibility criteria and requirements.

RCRC emphasized that eligibility priority is not based on the order of application and that registration on the platform does not constitute final acceptance.

Citizens who applied during the first year, were deemed eligible, and entered the electronic draw will automatically be included in the approved track for the second year.

All applications will be subject to electronic verification in accordance with the approved terms and requirements.

Following the application period, the program will proceed with eligibility verification, the announcement of results, the receipt of objections, the electronic draw for eligible applicants, and the completion of off-plan sales procedures in accordance with the approved regulations.

RCRC urged prospective applicants to use the electronic platform and its official channels and avoid dealing with untrusted links or accounts.

It also confirmed that its 19998 call center, beneficiary care channels, and Beneficiary Center are available to answer inquiries regarding application procedures and the various stages of the program.