RIYADH: The Royal Commission for AlUla has lifted the suspension on land and property sales in central and southern AlUla, paving the way for renewed real estate activity in the region.
According to an RCU statement, the move aligns with the commission’s commitment to sustainable and inclusive development aimed at enhancing residents’ quality of life.
It also supports Saudi Vision 2030’s tourism objectives, with AlUla projected to contribute a cumulative SR120 billion ($31 billion) to the Kingdom’s gross domestic product by 2035, Phillip Jones, RCU’s Chief Tourism Officer, told Arab News in 2024.
“Lifting the suspension on land and property sales opens wider pathways for urban development and expands residential and investment options, reinforcing AlUla’s position as a prime destination for living and investment,” the statement said.
The decision is also designed to unlock significant opportunities for investors and developers in Saudi Arabia’s real estate sector, strengthen stability in the rental and ownership markets, and support diverse residential and commercial projects. Additionally, it aims to enrich AlUla’s urban identity by blending modern development with the city’s cultural and historical heritage.
