The control and monitoring teams in the off-plan sales and leasing program “Wafi” recorded 37 violations during their monitoring tours on a number of private sector projects to verify the application of regulations and controls related to the regulation of the activities of real estate units on the map in the housing market, including 10 cities across the Kingdom during the past six months, and the program approved the licensing of 7 projects for sale on the map inside and outside the Kingdom.

The Secretary General of the Sale and Leasing on the Map Committee, Mohammed bin Saud Al-Ghazwan, stressed the need for real estate companies to comply with the commitment of developers or marketers of real estate units or exhibitors.

The Secretary General of the Off-Map Sale and Leasing Committee, Mohammed bin Saud Al-Ghazwan, stressed the need for real estate companies to adhere to the requirements of the Off-Map Sale System and adhere to its rules and regulations. He emphasized that if violations are detected in this regard, the prescribed penalties will be applied, which may reach the seizure of fixed and movable assets, and referral to the Public Prosecution to consider filing a case before the Criminal Court to apply the appropriate penalty against the violator.

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In a related context, the Off-Map Sales and Leasing Committee recently approved the issuance of seven licenses for off-plan marketing and sales projects inside and outside the Kingdom, as the government body authorized by law to license and regulate off-plan sales and leasing projects issued by a decision of the Council of Ministers.