Riyadh Municipality Approves 19 Residential Plans in 2024 Covering Over 13.5 Million Square Meters—Equivalent to the Size of More Than Three Residential Neighborhoods

Riyadh Municipality has continued implementing its strategies to boost the supply of real estate and regulate property operations to ensure sustainable development and balance in the real estate market. In 2024, the Municipality approved 19 new residential plans with a total area of approximately 13,522,478 square meters, contributing to the availability of more than 17,000 diverse housing units.

The residential offerings include 14,897 villa units and 2,460 apartment units, reflecting the Municipality’s commitment to meeting the needs of various community segments by providing diverse and suitable housing options. This initiative is part of a broader effort to establish a sustainable residential environment that enhances quality of life and accommodates urban expansion.

In the same year, the Municipality issued 18,248 building permits, including 15,346 residential permits, alongside commercial, industrial, and government licenses. These permits help accelerate urban development and strengthen the role of the private sector in supporting growth.

Additionally, the Municipality focused on optimizing land use by implementing merging and subdivision processes. As a result, the number of land plots increased from 6,909 to 9,056, helping expand the scope of real estate projects to meet growing demand.

These efforts highlight the Riyadh Municipality’s dedication to city development and sustainability, contributing to the goals of Saudi Vision 2030 by improving quality of life, enhancing infrastructure, and promoting investment opportunities in the real estate sector.