Zakah on a property intended for investment

Q 2: A man bought a piece of land that he planned to build a house on, either to live in himself or to rent out. Many years have passed, but the man has not used the land yet. Is there any Zakah (obligatory charity) due on the land? Should Zakah be paid for one lunar year or for all the years?

A: No, there is no Zakah due on this land, because it is not regarded a commercial property.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.