The Royal Commission for Riyadh City has launched the Real Estate Balance Platform, Tawazoun, to offer citizens residential land in Riyadh at capped prices of $400 per square metre.
The program will provide 10,000 to 40,000 plots annually over 5 years to support housing availability and sector balance.
Applications are open until October 23rd, 2025 through Tawazoun’s official website with strict eligibility rules and resale restrictions.
Launching Tawazoun
The Royal Commission for Riyadh City (RCRC) has acted on the directives of HRH Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, towards enhancing the housing landscape in Riyadh with the introduction of the Real Estate Balance Platform, known as Tawazoun.
This initiative aims to provide citizens with access to affordable residential land to address the growing demand for housing in the capital city.
With a commitment to offering between 10,000 and 40,000 residential plots annually over the next five years, the platform is poised to make a substantial impact on the real estate sector.
Understanding Tawazoun
Tawazoun is designed as a digital platform where citizens can apply for residential land plots at a capped price of SAR 1,500 (approximately $400) per square meter.
This pricing strategy is part of a broader initiative to ensure that housing remains accessible to a wider segment of the population. The platform is not just a means of application; it represents a strategic effort to balance the real estate market in Riyadh, making it more equitable for all residents.
Objectives of Tawazoun
The primary objectives of Tawazoun include:
- Affordable Housing: By capping prices, the platform aims to make residential land more affordable for citizens.
- Increased Availability: The initiative seeks to provide a substantial number of plots annually, addressing the housing shortage in Riyadh.
- Market Stability: By regulating the supply of land, Tawazoun aims to stabilize the real estate market and prevent speculative pricing.
Application Process for Tawazoun
The application process for Tawazoun is straightforward but comes with specific eligibility criteria. Citizens interested in acquiring land must submit their applications through the official platform, accessible at tawazoun.rcrc.gov.sa
The application window is open until October 23, 2025, providing ample time for eligible individuals to apply.
Eligibility Criteria
To qualify for the program, applicants must meet the following requirements:
- Age and Marital Status: Applicants must be either married or at least 25 years old.
- Residency: A minimum residency of three years in Riyadh is required.
- No Prior Ownership: Applicants must not own any other real estate.
These criteria are designed to ensure that the benefits of the program are directed towards those who need it most.
Restrictions on Land Use
While Tawazoun offers a unique opportunity for citizens to acquire land, it also imposes certain restrictions to ensure that the initiative meets its objectives.
- Ten-Year Restriction: Once a plot is acquired, it cannot be sold, mortgaged, or transferred for a period of ten years, except in cases where mortgaging is necessary for construction financing.
- Development Requirement: If the land is not developed within the ten-year timeframe, it will be reclaimed by the RCRC, and the original purchase price will be refunded to the applicant.
These restrictions are crucial for maintaining the integrity of the program and ensuring that land is used for its intended purpose, housing development.
Importance of Tawazoun’s Timing
The timing of applications does not influence eligibility, which is a significant aspect of the Tawazoun initiative. This means that all eligible applicants have an equal chance of being approved, regardless of when they submit their applications within the designated timeframe.
Application Submission
Applications can be submitted exclusively through the Tawazoun platform. The RCRC has emphasized that no intermediaries are authorized to act on its behalf, ensuring a direct and transparent process for all applicants.
Impact on Riyadh’s Real Estate Market
The launch of Tawazoun is expected to have a profound impact on the real estate market in Riyadh. By increasing the availability of affordable residential plots, the initiative aims to alleviate some of the pressures that have been building in the housing sector.
With the population of Riyadh continuing to grow, the demand for housing has surged. Tawazoun’s commitment to providing a significant number of plots annually is a proactive measure to address this issue, ensuring that more citizens have access to suitable housing options.
Transforming Riyadh’s Real Estate
By providing citizens with the opportunity to acquire residential land at capped prices through Tawazoun, the initiative aims to address the pressing housing needs of the population while ensuring that the real estate market remains stable and equitable.
As the application process unfolds, it will be crucial for eligible citizens to take advantage of this unique opportunity, contributing to the ongoing development of Riyadh as a thriving urban center.
More Planned Real Estate Projects in Riyadh
Rise Tower Riyadh
Rise Tower Riyadh is due to become the world’s tallest building at 2 kilometers in height surpassing both the Burj Khalifa in Dubai and the upcoming Jeddah Tower.
Designed by global firm HKS, this tower is part of the North Pole Project Riyadh and will feature 678 floors with hotels, restaurants, offices, and observation decks.
Its construction is planned to start in 2026 near King Khalid International Airport and is expected to finish major work by 2030.
Dar Global and Mouawad’s Villa Project
Dar Global, an international real estate developer, has partnered with luxury jeweler Mouawad to unveil a $235 Million Villa Project in North Riyadh, close to the World Expo 2030 site.
The development will include 200 exquisite villas, similar to the prestigious Bulgari Residences, and aims to boost Riyadh’s reputation as a top luxury destination.
Scheduled for completion in 2026, this project represents Dar Global’s debut in Saudi Arabia and Mouawad’s entry into the real estate market.
The Avenues Riyadh
The highly anticipated Avenues Riyadh project, valued at $4.58 billion, has reached 44.5% completion and is scheduled to open in early 2026.
Situated in northern Riyadh, this iconic development, inspired by Salmani architecture, will cover 390,000 square meters and host one of the Middle East’s largest malls.
It will also feature three luxury hotel towers: Waldorf Astoria, Canopy by Hilton, and Conrad. This project supports Saudi Vision 2030’s goal of making Saudi Arabia a leading global tourist destination.
New Murabba
The most recent video demonstrates significant advancements in the construction of the New Murabba, the largest contemporary downtown in northwest Riyadh.
A remarkable 5 million cubic tonnes of soil have already been removed, and the project is making notable headway.
This ambitious venture covers an area of 19 square kilometers and will include the distinctive cube-shaped Mukaab at its heart, capable of holding 20 Empire State Buildings.
Elie Saab Branded Residences
Dar Al Arkan, a prominent real estate company in Saudi Arabia, has recently introduced the inaugural Elie Saab Branded Residences in Riyadh.
These residences, known as Etoile by Elie Saab, are situated within the SEDRA community in northern Riyadh, in close proximity to King Khalid International Airport.
SEDRA stands out as one of Riyadh’s highly sought-after developments, spanning an expansive 20 million square kilometers.
It is an integral part of the ROSHN Giga project, fully owned by the Public Investment Fund (PIF). ROSHN has a strategic goal of increasing the homeownership rate among Saudi citizens to 70% by the year 2030.
With these transformative projects, Riyadh, one of the world’s top 15 fastest-growing cities, is transforming into a city known for its accessibility and quality of life to become among the world’s top 10 cities with an investment of $1 trillion over the next seven years.
Keep Reading: Rise Tower Riyadh to Become the World’s Tallest Building Surpassing Burj Khalifa and Jeddah Tower
