Politics · Other · 14 hrs ago
Riyadh governor hands over first land plots under housing program
Riyadh Governor Prince Faisal bin Bandar handed over the first land plots to beneficiaries of the Real Estate Balance Program.
The plots are in Al-Nakheel, Al-Malqa and Al-Qirawan, three neighborhoods in Riyadh.
The handover followed the beneficiaries’ completion of the procedures needed to own their plots.
The program is intended to support housing stability and balance in the real estate sector.
The Royal Commission for Riyadh City says the first-year development plans are being carried out in stages, with attention to services, green spaces and access.
More plots will be handed over in stages as land and plans are ready and procedures are completed.
Riyadh Governor Prince Faisal bin Bandar bin Abdulaziz handed over the first land plots to beneficiaries of the first year of the Real Estate Balance Program.
The plots are in Al-Nakheel, Al-Malqa and Al-Qirawan neighborhoods.
The handover took place at the Palace of Governance after beneficiaries completed the required ownership procedures.
The Royal Commission for Riyadh City said deliveries to other beneficiaries would continue as plans and plots become ready and procedures are completed.
The governor said the program supports residential stability, quality of life and balanced development.
- Who
- Riyadh Governor Prince Faisal bin Bandar bin Abdulaziz handed over the plots to program beneficiaries.
- What
- The first batch of land plots was handed over under the Real Estate Balance Program.
- When
- October 19, 2026.
- Where
- The Palace of Governance in Riyadh; the plots are in Al-Nakheel, Al-Malqa and Al-Qirawan.
- Why
- The program aims to support residential stability, improve quality of life and achieve balance in the real estate sector.
This story does not have two clearly opposing sides.
Beneficiaries completed the procedures required to own their plots.
Prince Faisal bin Bandar handed over the first batch of plots at the Palace of Governance.
Deliveries to remaining beneficiaries are to continue as plans and plots become ready and procedures are completed.
- First batch
- Land plots for beneficiaries of the program’s first year
- Neighborhoods
- Al-Nakheel, Al-Malqa and Al-Qirawan
- Handover venue
- Palace of Governance, Riyadh
- Governor
- Prince Faisal bin Bandar bin Abdulaziz
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What people are saying
We are witnessing today an important milestone with the handover of the first batch of ownership documents to the program’s beneficiaries; a step that reflects the leadership’s regard for citizens and its efforts to support comprehensive development, improve quality of life, and strengthen the foundations of stability for citizens, as part of a vision that places people at the heart of development.