Ban on property trading in Central, Southern AlUla lifted

The Royal Commission for AlUla (RCU) announced today, Dec. 29, the lifting of the suspension on the sale and purchase of land and real estate in Central and Southern AlUla, enabling the resumption of property transactions.

The decision is aimed to promote comprehensive and sustainable development in AlUla, enhance stability within the rental and ownership ecosystem, and the diversity of residential and commercial uses, RCU announced on its official X account.

It is also set to pave the way for ample opportunities for investors and developers to participate in the real estate market, while also enriching AlUla’s urban identity, said the commission.

RCU noted that lifting the suspension allows for a broader pathway to stimulate urban development and enable a wider range of housing and investment options Kingdom-wide.

Commenting on the decision, Ministry of Municipalities and Housing (MOMAH) said that it is working to prepare and develop AlUla’s districts in a way that supports a healthy, balanced, and accessible lifestyle for all residents and citizens.

As per the decision, property owners and investors will be able to complete sale and purchase transactions and update title deeds through the Real Estate Exchange platform.