Idle Lands: 3 criteria for land valuation

Logo of the White Lands program

The valuation of land subject to fee application is based on its value at the time of the announcement, according to the Idle Lands program.

The valuation is determined based on the following criteria: the land’s location within the price range, its topography, and the availability of public services and access to utilities, the program said on social messaging platform X.

According to data available on Argaam, the executive regulations of the Idle Lands Fee Law outline three phases for fee implementation.

The first phase applies to undeveloped lands of 10,000 square meters (sqm) or more within the designated area defined by the ministry. The second phase covers developed land of 10,000 sqm or more, as well as the total developed land owned by a single owner, spanning 10,000 sqm or more within a single plan in the designated urban area.

The third phase applies to developed land of 5,000 sqm or more, in addition to the total developed lands owned by a single owner, covering 10,000 sqm or more, within a single city in the designated area set by the ministry.

Since its launch, the White Lands Fee Program has recorded significant growth, increasing the real estate supply by more than 160 million sqm across various regions of the Kingdom. The total area of developed lands has exceeded 75 million sqm, while lands under development have surpassed 48 million sqm. Moreover, lands that entering the trading market have exceeded 39 million sqm.