The decision to freeze rental prices for five years has received widespread welcome from citizens and residents, who consider it a positive step that helps alleviate living burdens amid the significant rise in real estate prices recently.
Property owners were increasing rent annually by amounts ranging between five to seven thousand riyals
A citizen who owns property confirmed that the decision serves everyone’s interest, pointing out that despite being a property owner, he is not satisfied with price increases due to their negative impact on low-income individuals and investors, and expressed gratitude for this wise step.
Another citizen explained that the decision was issued at the right time, highlighting the government’s concern for citizens and their circumstances, noting that the decision is excellent since property owners were increasing rent annually by amounts ranging between five to seven thousand riyals.
A Sudanese resident stated that freezing rental prices for 5 years is very good, given the unbearable increases in rental prices that have burdened low-income individuals.
A Yemeni resident pointed out that the decision came at the appropriate time amid the noticeable rise in real estate prices, expressing appreciation for this direction.
Another citizen concluded by emphasizing that the decision came at the right time and aims to benefit citizens, expressing thanks for this initiative.
The decision comes as part of a series of measures aimed at enhancing housing stability and achieving balance in the real estate market, ensuring fairness for all parties.
