“Wafi conducts a field control tour on 18425 residential units in Riyadh and Jeddah

Real Estate Marketing - Real Estate Marketing - Real Estate Projects

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The off-plan sales and leasing program, one of the initiatives of the Ministry of Housing, represented by its engineering department, recently conducted visits to a number of projects licensed by the program being implemented in the cities of Riyadh and Jeddah, during which the status of these projects was identified during these visits and the progress of work progress during the past period.

The tour included Wafi's visit to 22 projects with 18425 licensed residential units to directly monitor and hold several meetings with the consulting offices supervising these projects, explain the follow-up mechanisms to the engineering department and ways of joint cooperation between these offices and the program, as well as emphasize the requirements and obligations introduced as “qualifying engineering offices” to supervise off-plan sales and rental projects and find all solutions to the difficulties that hinder the work of the developers of these projects.

The tour also emphasized the requirements and commitments of the new requirements such as “qualifying engineering offices” to supervise the sale and rental projects on the map and find all solutions to the difficulties that hinder the work of the developers of these projects. The General Supervisor of the Off-Map Sale and Leasing Program, Mr. Mohammed bin Saud Al-Ghazwani, pointed out that these visits come within the framework of continuous supervision of the workflow of the projects, follow up the completion rates on the ground, and identify the obstacles faced by the work team if they exist.

He emphasized that the visits will contribute to ensuring the quality of projects and the level of work during the coming period, and to know the status of sales, obstacles and challenges accurately, indicating that they will develop proposed solutions to the issues that may face the projects.

It is noteworthy that the Off-plan Sale or Leasing Committee is the government body authorized by law to license and regulate off-plan sales projects by Cabinet Resolution No. 536 dated 4/12/1437 AH, which aims to provide housing units to citizens at appropriate prices and easy payments, and achieve for real estate developers a safe investment that contributes to increasing the supply of housing units.

Real estate developers have a safe investment that contributes to increasing the supply of housing units.